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10-16-2008, 10:07 PM
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#1 |
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Banned
Drives: 2017 Camaro 2SS 6MT Join Date: Aug 2006
Location: Cleveland, Ohio
Posts: 4,361
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Talks between GM and Cerberus heating up
http://www.cnbc.com//id/27228423?__s...t%7C&par=yahoo
It appears GM would like to get a deal done in the next two weeks or abandon the whole thing. http://biz.yahoo.com/rb/081016/busin...alks.html?.v=2 This is certainly farther along in the discussion process than anyone previously thought. I can see GM's keen interest in the minivans and Jeep, but other than that, there's nothing Chrysler has that would benefit GM. Other than an instant influx in liquidity, which is what GM desparately needs. So, with that, let's discuss..... |
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10-16-2008, 10:09 PM
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#2 |
        Drives: challenger Join Date: Jul 2008
Location: miami
Posts: 2,338
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if this goes thru gm stock will go up correct? mmmmmmmmmmm time to make some money b(&(*&es
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10-16-2008, 11:51 PM
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#3 |
Drives: Muscle Join Date: Apr 2008
Location: Florida
Posts: 1,314
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yea GM should go up...
but yea this is interesting news... not sure of my opinion on this one... |
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10-17-2008, 12:29 AM
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#4 |
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Drives: challenger Join Date: Jul 2008
Location: miami
Posts: 2,338
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i personally dont like it because i like the big 3 being seperately...but ill bet you if chrysler merge dwith gm...ford wont be far behind.
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10-17-2008, 11:15 AM
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#5 |
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Moderator.ca
Drives: 05 Grand Am GT Join Date: Jul 2007
Location: Niagara, Canada
Posts: 25,366
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I still say things would be better if Chrysler went with Ford than GM. I like Chrysler, but I think that things would be more mutually beneficial if they went with Ford.
__________________
Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
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10-17-2008, 12:01 PM
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#6 |
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Account Suspended
Drives: Thunderbird Join Date: Sep 2008
Location: Kentucky
Posts: 951
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This merger is a possibility for two reasons. GM needs money, which they would get from such a deal since it is pretty obvious that money is all Cerberus brings to the table, and Cerberus needs somebody to run their new toy, the Chrysler Corporation, since they obviously have not even the vaguest notion of how to do it themselves.
Both GM and Cerberus entertained a merger with Ford prior to starting talks with one another. Ford said no to both of them. |
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10-17-2008, 01:32 PM
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#7 |
Drives: 2011 Synergy Green 2SS/RS Join Date: Mar 2008
Location: Lexington Park, MD
Posts: 882
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So the question is, if this happens, which models will be phased out? I have a hard time believing that all the cars would survive a merger.
__________________
Hey, you want to lay the fate of the world on the kid's Camaro? That's cool.
I bought a car, turned out to be an alien robot. Who knew? |
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10-17-2008, 03:59 PM
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#8 | |
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Account Suspended
Drives: Thunderbird Join Date: Sep 2008
Location: Kentucky
Posts: 951
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Quote:
If this doesn't work out I look for Cerberus to go back to Ford and settle on a deal where Ford takes less responsibility for running Chrysler than Cerberus was initially looking for with Cerberus mainly getting bargain basement access to Ford platforms, manufacturing facilities, and/or drive-line components while Ford reaps the benefits of having a room-mate of sorts and potentially gets the Jeep brand. I have no idea what GM will do if this falls through. Although I suspect a Renault-Nissan like deal with a foreign auto maker would be a real possibility. In fact, a Renault-Nissan-GM deal isn't unthinkable....and could yield some very interesting results. In fact, on paper it looks great. In the real world......... |
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10-17-2008, 04:10 PM
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#9 |
Drives: Camaro... soon Join Date: Aug 2008
Location: Chicago
Posts: 1,217
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i think they will drop a lot; they might do something like merge hummer and jeep
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10-18-2008, 02:50 AM
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#10 |
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www.Camaro5store.com
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So...could I say "Challenger owners...."you just got OWN3D!!!"...and not be taken as sarcastic?
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10-18-2008, 04:00 AM
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#11 |
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Drives: challenger Join Date: Jul 2008
Location: miami
Posts: 2,338
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more like you just got cut.......not owned.... but i doubt this will happen...
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10-18-2008, 04:20 AM
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#12 |
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www.Camaro5store.com
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well...if GM "owned" Chrysler....mmmmk. It's okay...was just playin'...
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10-18-2008, 04:30 AM
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#13 |
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Drives: challenger Join Date: Jul 2008
Location: miami
Posts: 2,338
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yea i'm drunk.. so yea w.e you say taggy poo!
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10-18-2008, 07:59 PM
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#14 |
  
Drives: X-15 Velocipede Join Date: Mar 2008
Location: SW Florida
Posts: 4,630
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Motor City worries Chrysler will be wiped out by GM
Anybody not think this is serious, now? OMG!
 AP Worries grow as GM-Chrysler talks gain momentum Saturday October 18, 4:13 pm ET By Tom Krisher, AP Auto Writer Motor City worries Chrysler will be wiped out as talks of takeover by GM gain momentum DETROIT (AP) -- In the doomsday scenario raising anxiety around the Motor City, General Motors Corp. makes a deal for Chrysler LLC, keeps Jeep and the minivans, and vaporizes the rest of the company. Tens of thousands of Chrysler's 66,409 employees lose their jobs as cash-desperate GM swiftly cuts redundant operations and sheds unprofitable models. Factories and dealerships are closed, and the lights go out at Chrysler's gleaming corporate headquarters campus in the northern suburb of Auburn Hills. FULL STORY: http://biz.yahoo.com/ap/081018/gm_ch...ger_talks.html |
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