Re: American Auto Industry

Posted by HH56 On 2008/10/11 21:54:56

There are a couple of articles today that GM & Chrysler have been and are talking merger. GM to get the car division of Chrysler since they apparently are already working closely on some forthcoming stuff and Chrysler (Cerberus) to get GMAC financial since they already own 51%. Daimler also wants out of the remaining 20% of Chrysler they still own.

Other analysts say they don't think it will happen because GM will still need a lot of cash they (Chrysler) don't have to do the deal. Interesting either way.