Interesting article in the local paper
10-12-2008, 08:52 AM
#1
Teching In
Thread Starter
Join Date: Oct 2006
Posts: 39
Likes: 0
Received 0 Likes
on
0 Posts
Interesting article in the local paper This is slightly off topic, however worth talking about. In the Sunday local paper, there is an article stating that GM has entered talks to acquire Chrysler from Cerberus. Of course the source wasn't identified. Has anyone else heard about this? I don't see how GM could do this given the current situation.
10-12-2008, 12:33 PM
#5
TECH Fanatic
Join Date: Jul 2007
Location: Reading, Pennsylvania
Posts: 1,115
Likes: 0
Received 0 Likes
on
0 Posts
GM would be acquiring Chrysler, not the other way around. It was going to be more of a trade from my understanding. GM would be getting Chrysler from Cerberus in exchange for GM giving up its remaining stakes in GMAC financing to Cerberus.
A merge was also being discussed. Probably wouldn't work out in the long run.
A merge was also being discussed. Probably wouldn't work out in the long run.
