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April 6, 2007
Kirk Kerkorian desperately wants to buy an automaker. Five months after the 89-year-old deal maker sold a large stake in General Motors–after failing to pull off some major reforms he had sought–Kerkorian has offered $4.5 billion for the Chrysler Group, which parent company DaimlerChrysler has put on the block. If Kerkorian–or another private buyer–ends up owning Chrysler, it might be the best chance for turning around the No. 3 U.S. automaker. It could even revive Detroit.