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GM to Acquire Chrysler?

 
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mises



Joined: 05 Nov 2007
Location: retired
PostPosted: Fri Oct 10, 2008 7:11 pm    Post subject: GM to Acquire Chrysler? Reply with quote
Quote:
General Motors Corp. has recently been in discussions about acquiring Chrysler LLC, according to people familiar with the matter, in a dramatic sign of the pressures mounting on the U.S. auto industry to restructure amid a deep slump in sales.

The upheaval in financial markets has rendered inactive the talks between Chrysler owner Cerberus Capital Management LLC and GM, which wants to shed its stake in GMAC, these people said. However, if markets stabilize, the talks could be renewed because both parties want to move those assets quickly, these people added.


http://calculatedrisk.blogspot.com/2008/10/gm-to-acquire-chrysler.html
http://online.wsj.com/article/SB122367931927624611.html

Short Ford? Unless Toyota or Nissan are in the market for a failing gigantic ton of crap.
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Milwaukiedave



Joined: 02 Oct 2004
Location: Goseong
PostPosted: Fri Oct 10, 2008 7:15 pm    Post subject: Reply with quote
Wow, that's going to be interesting to follow and see if it happens. Chrysler of course was part of Daimler and then was spun back off into two seperate units because of Chrysler's poor performance.
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mises



Joined: 05 Nov 2007
Location: retired
PostPosted: Fri Oct 10, 2008 7:20 pm    Post subject: Reply with quote
Yeah. Now we watch the airlines, tv networks and newspapers.
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RJjr



Joined: 17 Aug 2006
Location: Turning on a Lamp
PostPosted: Fri Oct 10, 2008 10:17 pm    Post subject: Reply with quote
Maybe we can do a bailout of GM. We have plenty of money and the economy will implode into Armageddon if we don't bail them out. Rolling Eyes

Actually, I just want to see us bail GM out to see what this guy http://news.cnet.com/bank-robber-hires-decoys-on-craigslist-fools-cops/ will do as an encore. It's hilarious how he got his bailout money back from the banks. If we bail out GM, I'm expecting a good story coming out of Monroe, WA about a GM car getting taken off a lot for free and not returned.
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