Quote:
Originally Posted by camaro5
"With auto sales plummeting globally, analysts say the merger would save the companies billions of dollars in redundant expenses.
But that would also mean tens of thousands of jobs lost. Analysts have estimated that the total job loss in a GM-Chrysler merger could be as high as 90,000."
This is what worries me.
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If Chrysler gets taken off the market, more employees than that will lose their jobs. I'd rather have the company stay afloat as part of GM where it can maintain its American roots than be bought and sold by the international market. I know that tradition isn't always good for business, but I want the company that owns some of America's greatest heritage machines—Viper, Challenger, Prowler, Wrangler, Charger, Rubicon, Coronet, SRT, Magnum, Barracuda, PT Cruiser, Ram, 300, Liberty, plenty of others—to stay American. If 90k people lose their jobs by GM's acquisition of the company, it is far better than every single employee of both companies losing their jobs due to bankruptcy. Together, their redundancies will require some serious surgery, and a lot will go away. That will eventually include employees, products, and entire branches of the corporate hierarchy.
Basically, Chrysler is in a very bad place. A lot of people will lose their jobs in any change of ownership. GM and Chrysler have a lot of product overlap, so I expect a lot of people to lose their jobs to reduce the redundancy of products. While Chrysler might fit better with a company that could use better trucks, SUVs, or some American heritage brands, I feel that such a heritage as this belongs with an American company, where American muscle began.
Quote:
Originally Posted by kevin2323
they are holding off till after te election so dont count the merger out just yet...
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The problem is that Chrysler's ownership is eager to get out of the business. They want nothing to do with cars, so they are willing to liquidate Chrysler to anyone. In this case, it could go to Nissan, which would make Chrysler foreign. The next President can't take office soon enough for this merger to potentially take place. A lot can happen between November and January.