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Did Koch Industry’s Subsidiary Break Anti-Trust Laws with its Purchased Assets From Chrysler Corporation and Ford

Koch Industry’s subsidiary purchased certain assets of the Chrysler Corporation in 1992. In the 1970s under a different name we wouldn’t associate with Koch Industry, they purchased then certain assets from Chrysler. In 1996 they would also buy a Unit of Ford Motor in 1996. There wasn’t any full disclosure of what was purchased from Ford or what was done with those assets, but just like Chrysler Ford was selling its Fleet and its municipal finance business. Koch Financial Corporation a subsidiary for Koch Industry purchased from Chrysler their municipal finance business in 1992 which is described as a $100 million portfolio that has increase in a year’s time through this company 1 billion in assets. NationsBank would buy the Chrysler Fleet at that time. What is even harder to find but is true Koch purchased from Ford in 2006 was selling off parts of its company USL capital. For example BankAmerica bought its fleet, but Ford also sold its municipal finance business, and according to Thomas Financial Mergers and Acquisitions Koch did buy a finance portfolio of Ford.
Does the Koch Brothers through their subsidiary have a monopoly on the industry dealing with Americans auto?

Antitrust is defined as according:
Antitrust means any law restricting business practices that are considered unfair or monopolistic. Among U.S. laws, the best known is the Sherman Antitrust Act of 1890, which declared illegal “every contract, combination or conspiracy in restraint of trade or commerce.” The Clayton Antitrust Act of 1914, as amended in 1936 by the Robinson-Patman Act, prohibits discrimination among customers through prices or other means; it also prohibits mergers or acquisitions when the effect may be “to substantially lessen competition.” Labor unions are also subject to antitrust laws.

Before 1992 the Koch brothers purchased certain assets from Chrysler. In that acquisition
ABKO made purchases from Chrysler Reality for $195 million. Once the company was dissolved of the 700 properties purchased 480 were given back. It is not certain whether ABKO rid themselves of certain properties or that George Ablah and Koch Industries still maintain asset holdings in Chrysler in the 70′s, Chrysler was given a Government Bailout.

“ABKO Properties was a joint venture between Wichita, Kansas real estate entrepreneur George Ablah and Wichita-based Koch Industries formed specifically to purchase Chrysler Realty Corporation in the late 1970s from a hard-pressed Lee Iacocca.
Koch Industries is ranked 2 among the Forbes list of largest private companies. Chrysler Realty Corporation purchases, leases or options dealership facilities and then leases or subleases these facilities to Chrysler dealers. The name ABKO was derived from the first two letters of Ablah’s name and the first two letters of Charles Koch’s name, who is head of Koch Industries. At the time ABKO was formed, Chrysler was on the verge of bankruptcy.
ABKO purchased around 840 Chrysler automotive dealership sites around the country controlled by Iacocca in 1979 for slightly over $100 million in cash. Not all the sites were owned by Chrysler Realty.
Under the leadership of Ablah and his team, Chrysler Realty president Ed Homer (for a brief time), executive vice president Corliss (Corky) Nelson of Koch, [1] acquisition/disposition specialists Wayne Delfino and Frank Mills, and attorney John Schippel, among others, ABKO set forth a strategy to diversify Chrysler Realty Corporation by way of liquidating non-performing Chrysler dealership properties by tax-free exchange and sale.
In 1983, Iacocca, assisted by a government bailout he organized, repurchased 446 of the dealerships in a measure aimed at strengthening the Chrysler dealer network. ABKO dissolved shortly thereafter.”


Chrysler Capital Company LLC is a subsidiary of Chrysler Financial Corporation. In 1992 Koch Industry received certain assets of Chrysler. Koch Financial Corporation is a Subsidiary of Koch Industry. Koch Financial Corp. “offers cities, states, school districts, and other public entities tax-exempt asset leasing. Since leases appear as a line-item on yearly operating budgets, leasing assets and not buying them allows public entities to carry less debt. The company’s lease financing covers outlays such as equipment, real estate, software, and services. Koch Financials municipal securities trading arm invests in tax-exempt and tax-advantaged assets. Koch has worked with public entities in all 50 states.”

On June 9, 1992 Koch Financial Corp acquired Chrysler Capital Public from DaimlerChrysler AG (Chrysler). According to Thomson Financial Mergers & Acquisitions, Koch Financial Corporation acquired certain assets of Chrysler Capital Public Finance, a unit of Chrysler financial subsidiary of Chrysler. According to Bloomsberg, Business Week on April 1, 2011, Chrysler Financial subsidiary of Chrysler change its name to TD Auto Finance LLC. Chrysler Capital Public Finance, however that Koch Financial bought certain assets from name is still Chrysler Capital Company LLC

Koch Corporation when the acquired Chrysler Capital Public Finance it has shown some interest in emergency vehicles such as police cars, ambulances, etc. No actual details of what units of Chrysler were acquire, there is today Chrysler Fleet which does build emergency vehicles. Previously before Chrysler Capital Public Finance was acquired just like Koch Financial Corporation it also was involved in some state leasing. According to Utah Country online or Utah County Government, Chrysler Capital Public Finance LLC held a leasing Contract in Utah.

According to Thomas Financial Mergers and Acquisitions it seems that Koch Financial Corporations has never divested itself of Chrysler Capital Public Finance LLC, so it stands that Koch financial Corporations a subsidiary of Koch Industry still own assets in Chrysler. One can assume if Koch interest is in such thing in emergency vehicles than there is a probability that Chrysler Fleet maybe.
According to Thomas Financial Mergers and Acquisitions on September 17, 1996 Koch Financial Corporations acquired Koch Financial, a unit of Koch Industries, acquired the tax-exempt financial portfolio of USL Capital, a unit of Ford Motor (FM). The rest of USL capital of Ford Motor was sold to BankAmerica Corporations. The BankAmerica Corporation sale happens in December 31, 1995. The article Ford sold to BankAmerica USL Capital’s Transportation and Industrial leases

USL Capital Corp. still operates as a subsidiary of Ford Motor Co.



Most of the information you will see comes from some Federal/state Government documents or Federal/State Governm Agency. -----------------------------------------------The fellow that can only see a week ahead is always the popular fellow, for he is looking with the crowd. But the one that can see years ahead, he has a telescope but he can't make anybody believe that he has it. ~~~~Will Rogers __The woman who follows the crowd will usually go no further than the crowd. The woman who walks alone is likely to find herself in places no one has ever been before.~ Albert Einstein ~"I never work better than when I am inspired by anger; for when I am angry, I can write, pray, and preach well, for then my whole temperament is quickened, my understandingsharpen​ed, and all mundane vexations and temptations depart.” ~Dr. Martin Luther King Jr. _________________________________________________________________________________________ ~"The bosom of America is open to receive not only the Opulent and respectable Stranger, but the oppressed and persecuted of all Nations and Religions; whom we shall welcome to a participation of all our rights and privileges, if by decency and propriety of conduct they appear to merit the enjoyment".~___________________________________ George Washington, Address to the Members of the Volunteer Association of Ireland, December 2, 1783 Fredericacade@gmail.com


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