GM Will Not Merge With Chrysler - Page 3

kevin2323 · 10-29-2008, 02:31 PM

Quote:

Originally Posted by Hylton

If this merger goes through, I don't think I can handle all the Chrysler tin cans showing up at our "all GM" shows.

It will actually get more people to go....or more than expected

Rocks RS · 10-29-2008, 03:17 PM

I have heard that the company that owns Chrysler also has partial onwership of GMAC. I heard that they will trade Chrysler for the rest of GMAC.

Also, I heard that if GM does get Chrysler, that they would keep the minivans and something else (I can not remember right now), but get ride of everything else.

kevin2323 · 10-29-2008, 03:29 PM

all rumors until nov 4 th due to gm stating a deal will come before nov 4th if not nothing will happen....

Txturbo · 10-29-2008, 03:52 PM

Quote:

Originally Posted by Rockdawg

I have heard that the company that owns Chrysler also has partial onwership of GMAC. I heard that they will trade Chrysler for the rest of GMAC.

Also, I heard that if GM does get Chrysler, that they would keep the minivans and something else (I can not remember right now), but get ride of everything else.

Jeep was the other one.....Cerberus (owns 51% of GMAC)is also trying to obtain "bank" status so they can get in on the bank bailout money. But rumor is, the Feds aren't likely to grant bank status unless GM owns less than 25% of GMAC. So I'm sure there will be some horse trading going on.

headpunter · 10-29-2008, 04:05 PM

Quote:

Originally Posted by kevin2323

all rumors until nov 4 th due to gm stating a deal will come before nov 4th if not nothing will happen....

i think they wait to see how the election turns out. it will most definately be after the turmoil of the election is over

BowtieGuy · 10-29-2008, 04:06 PM

Quote:

Originally Posted by camaro5

BTW: I'm a fellow GM ASEP Student - Grad. 1986.

Awesome! What institute?

kevin2323 · 10-29-2008, 04:25 PM

Quote:

Originally Posted by headpunter

i think they wait to see how the election turns out. it will most definately be after the turmoil of the election is over

well they said they wanted to get a deal done before elections...but of course they used the word "want"...

headpunter · 10-29-2008, 04:26 PM

Quote:

Originally Posted by kevin2323

well they said they wanted to get a deal done before elections...but of course they used the word "want"...

depending on the climate caused by whomever gets elected they may not need or want to get merged or they may want it more.

camaro5 · 10-29-2008, 04:28 PM

Quote:

Originally Posted by kevin2323

well they said they wanted to get a deal done before elections...but of course they used the word "want"...

Yes, because the candidates will promise more now, before one of them gets elected. They're pushing hard to do it before next Tuesday.

Dragon - Good point that these are loans, I had forgotten that.

nester7929 · 10-29-2008, 11:34 PM

Dragon, I know they weren't gifts; I never said they were. Just saying that with all the money the government is throwing around, we don't need to take loans in a new direction.

10-29-2008, 03:17 PM	#30
Rocks RS Drives: 2010 Camaro 2LT/RS Join Date: Jan 2008 Location: Cortland Ohio Posts: 779 View My Garage	I have heard that the company that owns Chrysler also has partial onwership of GMAC. I heard that they will trade Chrysler for the rest of GMAC. Also, I heard that if GM does get Chrysler, that they would keep the minivans and something else (I can not remember right now), but get ride of everything else. __________________ 2010 Camaro 2LT / RS - Black w/IO interior & M6 Sporting MRT V1, Hurst short throw, and Injen long tube and loving it!!! Also, over 125,000 miles and going.

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10-29-2008, 03:29 PM	#31
kevin2323 Drives: challenger Join Date: Jul 2008 Location: miami Posts: 2,338	all rumors until nov 4 th due to gm stating a deal will come before nov 4th if not nothing will happen....

10-29-2008, 11:34 PM	#38
nester7929 Rice Harvester Drives: 2014 Bright Yellow 2SS/RS Join Date: May 2008 Location: Plainview, TX Posts: 1,449	Dragon, I know they weren't gifts; I never said they were. Just saying that with all the money the government is throwing around, we don't need to take loans in a new direction.