GM and Chrylser Merging?

9

97ponygt

New Member

Sep 3, 2008

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Oct 10, 2008

#1

• Oct 10, 2008

• #1

Don't really know where to post this so feel free to move it where ever it's supposed to go but did anybody surprised to see this?

Report: GM, Chrysler in merger talks - Autos - MSNBC.com

 

bobc83

Member

Jul 31, 2007

130

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Normal,IL

Oct 10, 2008

#2

• Oct 10, 2008

• #2

maybe we'll see the release of the all new Chargmaro?

 

mazen189

Member

Jul 31, 2007

424

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I.E. southern california

Oct 10, 2008

#3

• Oct 10, 2008

• #3

I hardly doubt the Feds will let these two merge, it will fall under the lines of an oilgarchy.

and if somehow they do, big woop.....not like they are going to come up with something to save either or's asses.

 

DarkFireGT

Playing with my wife's really makes me want one.

10 Year Member

May 23, 2004

692

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89

East Moline, IL

Oct 10, 2008

#4

• Oct 10, 2008

• #4

Well, if it's not this, Chrysler will just go under. If I were GM, I'd wait a few more months until they're just about there, then buy.

The good thing is, there will just be one big company making ugly cars. Aztek + PT Cruiser FTW!!! I can see it now. The all new GMDC PT Aztecuiser. If I wasn't heading out for the night, I'd bust out a chop.

 

Stark77

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Jun 11, 2008

501

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Tallahassee, FL

Oct 10, 2008

#5

• Oct 10, 2008

• #5

In regard to this - bogus. I am a trader for a large brokerage firm and nothing came in through the newswire in regard to this issue. Also - Chrysler is a privately held company, owned by Cerberus Capital mgmt. In order for GM to "merge" there would be shareholder approval required. This would take months, if not years to first gain SEC/federal approval, and then shareholder approval. Now - what I DID see on the newswire today is that GM will be shutting down(no word on temp or perm) one of their engine dye/stamp facilities that feeds engines into their small truck/SUV line. GM and FORD are in a serious liquidity crunch. Their bonds, the majority, are currently rated as junk.

 

Stark77

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Jun 11, 2008

501

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Tallahassee, FL

Oct 10, 2008

#6

• Oct 10, 2008

• #6

On a 2nd note, Chrysler will not be going under in the short run. They, and the private equity firm that owns Chrysler, have enough cash on the balance sheets to keep operations running, while operating AT A LOSS, for between 3-5 years. This was from their last quarters report. GM has absolutely no means to acquire any business operations right now. They cannot afford to support their current product line or production/employee capacity.

 

Killa

Active Member

Jul 9, 2007

1,006

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Oct 10, 2008

#7

• Oct 10, 2008

• #7

NO !!! it cant be, I love GM but hate ***ING chrysler !!! why why ??? I rather see GM and Ford then GM and ***ING JEEP !!

 

Wolvrin704

Member

Apr 17, 2007

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Milford, OH

Oct 11, 2008

#8

• Oct 11, 2008

• #8

GM is in big trouble right now due to the crisis. If things don't start turning around soon its very possible they could go under. And that would have some serious ramifications to the economy and the market I would think.

 

Stark77

Member

Jun 11, 2008

501

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Tallahassee, FL

Oct 12, 2008

#9

• Oct 12, 2008

• #9

Agreed

 

Mikie

the ahead of you horseman

Aug 2, 2000

517

1

0

Belmont NC

Oct 12, 2008

#10

• Oct 12, 2008

• #10

KillaGT said:

NO !!! it cant be, I love GM but hate ***ING chrysler !!! why why ??? I rather see GM and Ford then GM and ***ING JEEP !!

Click to expand...

Blasphemy! I better not ever see a Mustang GT/SS running around.

 

Killa

Active Member

Jul 9, 2007

1,006

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Oct 12, 2008

#11

• Oct 12, 2008

• #11

Mikie said:

Blasphemy! I better not ever see a Mustang GT/SS running around.

Click to expand...

Can we just get along ? im tired of seeing stang vs camo, it make me want a maro j/k

by the time im writing this, spike tv show ford truck vs gm truck , see again " can we just get along "

 

02nightmaregt

To hell with your Mustang, I want to see your HOG!

Jul 1, 2007

513

4

19

Southern Indiana

Oct 12, 2008

#12

• Oct 12, 2008

• #12

GM can die for all i care. Chrysler is top notch GARBAGE as well. FORD FTMFW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

Mustang5L5

That is…until I whipped out my Bissell

Mod Dude

Feb 18, 2001

43,265

17,952

224

Massachusetts

Oct 12, 2008

#13

• Oct 12, 2008

• #13

Fords stock is down to $1.99 share

I'm considering buying some.



Also, I heard it wasn't going to be a merger but more of a trade. GM was going to trade it's remaining stake of GMAC over to cerebus in exchange for Chrysler. GMAC is the entity which does auto financing and home mortgages. Cerebus would control this all and GM would get chrysler.

 

Stark77

Member

Jun 11, 2008

501

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16

Tallahassee, FL

Oct 12, 2008

#14

• Oct 12, 2008

• #14

If that is the case - then excellent trade for Cerebus , awful trade for GM. Mustang 5L5 - check your PM's.

 

DBMSTNG

I fantasize about it being BIG!

Founding Member

Apr 23, 2002

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not quite here

Oct 12, 2008

#15

• Oct 12, 2008

• #15

i wouldn't mind seeing a unified front of U.S. automakers.

Take GM's pushrod engines and styling, Fords Ecoboost engines and styling, and Chryslers... um.. well i hate Chryslers styling. F Chrysler.