NEW YORK - Billionaire investor Kirk Kerkorian, shown here addressing Chrysler stockholders, is making a second attempt to acquire Chrysler, this time from German owners Daimler-Benz.

In 1998 Kerkorian lost out in bidding for Chrysler after Daimler-Benz invaded Poland, annexed the Sudetenland and acquired Chrysler in a series of stunning tactical moves that caught the west completely off guard.

Kerkorian's 1998 bid was $11.4 billion while his current bid, reflecting the falling fortunes of Chrysler, is rumored to be $24 and a buckskin bag of beads.

Daimler-Benz is rumored also to be looking for a buyer for its U-boat division, Das Boot AG, which has never fared well against the competition.