Mercedes sells Chrysler to...well, what about Gore? (no spam)

[fable]

This, from Mlive.com, one of Michigan's best newspapers, and online. Why not get Al Gore to buy Chrysler?

You can stop laughing now. Al isn't just your typical former U.S vice president, best-selling author, Oscar winner for his movie, "An Inconvenient Truth," and 2007 Nobel Peace Prize nominee.

He's also chairman of Generation Management LLC, a private equity firm whose managing partner is former Goldman Sachs executive David Blood. The firm, with offices in Washington, D.C., and London, is known in financial circles as "Blood and Gore."

The pun doesn't make it any less real. It's an interesting propostion, and you can read about it, here.

And why not? The real heavyweights in the corporate business community are finally agreeing that global warming is a crisis--even ConocoPhillips, hardly an earlier fan, has begun to change its ways.. What better way to turn things around than on a big scale, making Chrsyler over into a fuel-efficient, "green" car manufacturer? Then, too, with Gore heading Chrysler, that would make him a corporate magnate, and Senator Inhofe of Oklahoma would honor him as a result, and kowtow to him, and no longer laugh in his face over the former Vice President's command of facts about climate change.

Anyway, read and comment.

[Vicsun]

I'm not sure he'll be able to afford it. Since there's no indication that making Chrysler greener will make it more profitable, he'll probably have to foot the losses out of his own pocket. Those losses were $1.5B last year.

If I'm wrong and he can afford to dump $1.5B per annum into Chrysler indefinitely (or he can manage to make Chrysler turn a profit), then it'll certainly be a nice philanthropic effort on his part, I'm just not going to hold my breath. I also think that investing $1.5B a year into alternative energy sources will prove more useful than making Chrysler produce greener cars.

I'm also pretty certain that him being the chairman of a private equity group wouldn't make a difference - since private equity groups aren't charities, even if the group that Gore's a chairman of bought Chrysler, they would concentrate on restructuring the company and not making it greener.