Cars
You know the financial crisis (you tired of that phrase, too?) is really stinging when sudden merger talks pop up. No, it's not BMW and Mercedes-Benz or General Motors and Ford Motor Company: it's GM and the privately held Chrysler LLC.
- Bailout Execs Criticized For Receiving Big Salaries, Some Claimed They Couldn't Survive With $500k…
On Tuesday, the Office of the Special Inspector General charged with auditing the government's Troubled Asset Relief Program (TARP), which bailed out among others General Motor and the Chrysler Group, came out with a report criticizing the U.S. government...
- Report: Chrysler In Talks With Hyundai And Renault-nissan
As soon as it became known that General Motors suspended its acquisition efforts of its equally financially troubled cross-town rival (click here for details), Reuters broke a news story saying that the Chrysler LLC owner Ceberus Capital Management has...
- Gm Terminates Merger Talks With Chrysler Llc
As well as reporting its gloomy financial results for the third quarter of 2008, General Motors today also announced that its ending at talks with Cerberus Capital Management LP for the possible acquisition of the Chrysler Group. While the American automaker...
- Rumorville: Renault-nissan Seeking To Buy 20% Of Chrysler Llc
Another day, another Chrysler LLC rumor. This time the Detroit News is reporting that the Renault-Nissan alliance has made a proposal to obtain a 20 percent stake in Chrysler LLC from Cerberus. Citing sources familiar with the matter, the newspaper said...
- Chrysler In Preliminary Merger Talks With Gm
According to separate reports in The New York Times and The Wall Street Journal, two of the most iconic and troubled.... names in the American industry, General Motors and Chrysler LLC, have been in preliminary talks the past month or so concerning a...
Cars
BREAKING NEWS WHOA DUDE! GENERAL MOTORS AND CHRYSLER TALKING ABOUT A MERGER
You know the financial crisis (you tired of that phrase, too?) is really stinging when sudden merger talks pop up. No, it's not BMW and Mercedes-Benz or General Motors and Ford Motor Company: it's GM and the privately held Chrysler LLC.Preliminary talks include the possibility of Cerberus (the current owner of Chrysler/Dodge/Jeep) handing over their automobile manufacturing business in exchange for the 49% stake GM holds in GMAC Financial Services.
General Motors says that there is nothing unusual about talks with other automakers but that they are experiences "unprecedented related to uncertainties in the financial markets" and refuse to consider bankruptcy.. Cerberus says they don't comment on private meetings.Â
Is this purely an issue of survival? Why would two struggling automakers combine their struggles? Under the philosophy of 'two heads are better than one', combining the struggles and troubles goes hand-in-hand with combining, for instance, platforms; architecture; manufacturing plants; parts suppliers; and - dare we say it - workers.Â
- Bailout Execs Criticized For Receiving Big Salaries, Some Claimed They Couldn't Survive With $500k…
On Tuesday, the Office of the Special Inspector General charged with auditing the government's Troubled Asset Relief Program (TARP), which bailed out among others General Motor and the Chrysler Group, came out with a report criticizing the U.S. government...
- Report: Chrysler In Talks With Hyundai And Renault-nissan
As soon as it became known that General Motors suspended its acquisition efforts of its equally financially troubled cross-town rival (click here for details), Reuters broke a news story saying that the Chrysler LLC owner Ceberus Capital Management has...
- Gm Terminates Merger Talks With Chrysler Llc
As well as reporting its gloomy financial results for the third quarter of 2008, General Motors today also announced that its ending at talks with Cerberus Capital Management LP for the possible acquisition of the Chrysler Group. While the American automaker...
- Rumorville: Renault-nissan Seeking To Buy 20% Of Chrysler Llc
Another day, another Chrysler LLC rumor. This time the Detroit News is reporting that the Renault-Nissan alliance has made a proposal to obtain a 20 percent stake in Chrysler LLC from Cerberus. Citing sources familiar with the matter, the newspaper said...
- Chrysler In Preliminary Merger Talks With Gm
According to separate reports in The New York Times and The Wall Street Journal, two of the most iconic and troubled.... names in the American industry, General Motors and Chrysler LLC, have been in preliminary talks the past month or so concerning a...