Reports: Chrysler, GM discuss merger, acquisition - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 28 Old 10-10-2008, 09:07 PM Thread Starter
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Reports: Chrysler, GM discuss merger, acquisition

chrysler and GM merging? wtf?


According to a report by Bill Vlasic and Andrew Ross Sorkin that went live moments ago on the New York Times website, Chrysler and GM have been in merger talks for the last month

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post #2 of 28 Old 10-10-2008, 09:09 PM
 
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Nah. Chrysler sucks.

Let me elaborate on something. If GM and Chrysler merge, who will be liquidated?

If Chrysler takes over GM, then GM's stock will go up to a specific price and stay there approximately until the deal is done. Then GM will no longer exist as an separate entity in the stock exchange.

If GM takes over Chrysler, then GM's stock will hang at the same level or go down because their cash reserves just plummeted by buying out Chrysler.

Last edited by Linfone; 10-10-2008 at 09:15 PM.
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post #3 of 28 Old 10-10-2008, 09:13 PM
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yes but it looks as if they are no longer talking..

GM, Chrysler merger talks suspended-Wall St Journal

WASHINGTON, Oct 10 (Reuters) - General Motors (GM.N: Quote, Profile, Research, Stock Buzz) has been in preliminary talks about acquiring Chrysler LLC, but the talks were suspended due to the upheaval in financial markets, the Wall Street Journal reported late on Friday. (Writing by Eric Walsh)
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post #4 of 28 Old 10-10-2008, 10:25 PM
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Well a RWD Impala SS with 425 hp and the Charger Chassis would be cool.

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post #5 of 28 Old 10-10-2008, 10:26 PM Thread Starter
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chevymopar?

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post #6 of 28 Old 10-10-2008, 10:31 PM
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Quote:
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chevymopar?
no no no it's ChevPar

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Facebook has sucked me into Farmtown.

What can I say I love virtual plowing.
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post #7 of 28 Old 10-10-2008, 10:38 PM
 
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Buick Lucerne C...

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post #8 of 28 Old 10-10-2008, 10:49 PM Thread Starter
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LOL

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post #9 of 28 Old 10-11-2008, 01:54 AM
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Reports: Chrysler, GM discuss merger, acquisition

DETROIT - General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports Saturday.
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The Wall Street Journal, citing people it described as familiar with the discussions, said Cerberus Capital Management, the private equity firm that owns 80.1 percent of Chrysler and 51 percent of GMAC Financial Services, proposed trading Chrysler's automotive operations to GM. The Journal said Cerberus would receive GM's remaining 49 percent stake in GMAC.

The New York Times, also citing people familiar with the talks, said the automakers were discussing a merger. The Times did not mention GMAC, a traditional auto lender hit hard by the housing market downturn.

The talks have stalled because of the recent turmoil in the financial markets, according to the Journal. Its sources said negotiations could resume if markets stabilize because both GM and Cerberus want to quickly divest the assets under discussion.

The negotiations between 100-year-old GM and 83-year-old Chrysler began more than a month ago, according to the Times. Its sources said the chances of a merger were "50-50" as of Friday and likely would take weeks to complete.

Both newspapers posted their stories on their Web sites late Friday.

"Without referencing this specific rumor, as we've often said, GM officials routinely discuss issues of mutual interest with other automakers," GM spokesman Tony Cervone said.

"The company is looking at a number of potential global partnerships as it explores growth opportunities around the world," Chrysler spokeswoman Lori McTavish said. "Beyond those partnerships already announced however, Chrysler has not formed any new agreements and has no further announcements to make at this time."

Source: Associated Press
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post #10 of 28 Old 10-11-2008, 06:12 AM
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GM merging with Chrysler??

Hemi powered Camaros, LS3 Cuda's what's the world coming too?

Just saw a blurb at CNN.com


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