All your automakers are belong to GM

[JackoliciousLegs]

You people hear about this? Is it credible/true?
linky

[Andy]

I wonder if Jeff will commit suicide?

[CaptainHenreh]

Whatever. This is just like Sirius/XM, or when GM and Nissan/Renault were going to merge.

GM would LOVE to buy Chrysler.

They'd love to buy Ford, too.

Hell, Toyota while they're at it.

BUT...they're not going to.

[HAULN-SS]

Heh. I hope this doesnt happen. I think it would be bad for business for GM - and really I dont know why they would do it, unless they wanted to use the chrysler plants to build GM cars. That would require them to grow A LOT, which they have been doing lately..but enough to wipe out a competitor? Not likely. I dont know what Chrysler has that GM would want, or isnt already doing better at.

[Feersty]

Not really a big fan of monopolies but if they can make it work, more power to them.

[BLINGMW]

The guy on the right looks pretty sad about it. And I think the guy on the left is crying! :lol:

[Jeff]

Just Rumors. I don't see it coming, not by a long shot. GM is hurting too much on their own to take on the badly listing Chrysler group. MB wants to cut Chrysler loose, rather their top share holders do. Dr. Z and that dolt that is in charge of CG now won't let it go. 13,000 jobs, a few hundred dealers...and no more smart cars later we will be ok.

[G.Irish]

Well it'd be somewhat foolish of GM to try to buy Chrysler right now. I don't know what their motivation could possibly be. Maybe they want to stay bigger than Toyota and this is the only way they can do it for the time being.

But trying to acquire other companies because your company is suffering is a poor strategy. If you can't run your ship profitably there's no way you're going to be able to take someone else's unprofitable ship and get both operations running well.

If anything GM needs to get smaller. Get rid of the brands and models they don't need, get leaner and more efficient, clean house in the management chain, and start beating the Japanese at their own game.

[Jeff]

Get rid of the brands and models they don't need, get leaner and more efficient, clean house in the management chain, and start beating the Japanese at their own game.

Gerald...as always...knows his shit. I'm sure their production capacity could be cut (i.e. downsizing), and a few brands could be clipped. Buick needs to go, Pontiac could as well. They'll figure it out someday.

[Maengelito]

Just Rumors. I don't see it coming, not by a long shot. GM is hurting too much on their own to take on the badly listing Chrysler group. MB wants to cut Chrysler loose, rather their top share holders do. Dr. Z and that dolt that is in charge of CG now won't let it go. 13,000 jobs, a few hundred dealers...and no more smart cars later we will be ok.

sorta off topic, but jenn's dad really looks like Dr. Z. its really uncanny


Dr. Z


jenn's dad

[Andy]

Bald, mustache and white does not mean they look a like. God damn asians.

[Kaan]

all you slant eyes look the same.

[Sijray21]

Bald, mustache and white does not mean they look a like. God damn asians.

i disagree - twins! :wink: :lol:

[Jeff]

I was reading on CNN this morning that Chrysler and GM are in talks to build a larger SUV as a co-op. A far cry from a buyout.

[Andy]

I was reading on CNN this morning that Chrysler and GM are in talks to build a larger SUV as a co-op. A far cry from a buyout.

Not a coop so much as Chrysler wanting to lease GM's GMT900 platform to make their own trucks.

[Jeff]

I was reading on CNN this morning that Chrysler and GM are in talks to build a larger SUV as a co-op. A far cry from a buyout.

Not a coop so much as Chrysler wanting to lease GM's GMT900 platform to make their own trucks.

I don't know if you use the word "trucks" the same way I do (to say SUV or pick-up) but I heard it was so Chrysler could have a full-size SUV based off the Suburban platform. No-way will they share a chassis on the pick-ups. I didn't read the whole article in depth, but thats what I took from it. I don't see it happening anyway. I don't understand how it could be profitable to use another company's full-size platform when Chrysler's is successful in its own right. The only thing I can figure is GM is trying to keep from laying off workers and Chrysler won't have the production capacity after their layoffs to make the extra chassis needed for the full-size SUV. Also, why in the hell do we need a full size SUV? Ford and GM can't give away their big SUVs and the Durango/Aspen are collecting dust at an alarming rate.

But Chrysler news FTW- DIESELS! Jeep GC, Liberty (already), PT cruiser, and a 1500 Cummins!!!! I think its gonna be really cool. Also, the first Chrysler Hybrid is supposed to be on the horizon in the Durango/Aspen

[Jeff]

From CNN

Reports: GM in talks to buy Chrysler Group
Sources say the No. 1 automaker may buy DaimlerChrysler's struggling auto unit, according to reports.
February 16 2007: 4:05 PM EST


NEW YORK (CNNMoney.com) -- General Motors is in talks to buy DaimlerChrysler AG's struggling Chrysler Group in its entirety, according to several reports.

According to the reports, sources in Germany and the United States said high-level talks between GM (down $0.14 to $36.30, Charts) and DaimlerChrysler (up $2.83 to $73.08, Charts) executives are taking place.


Chrysler, which has already announced plans to close plants like this one in Newark, Del., and cut 13,000 jobs, could be sold to rival General Motors, according to published reports.

Its German parent confirmed Wednesday it is looking at strategic options for the North American unit. When asked if those options included a sale or spin-off of the unit, DaimlerChrysler Chairman Dieter Zetsche responded "this means all options are on the table."

Chrysler Group announced Wednesday it would be cutting about 13,000 workers and closing plants over the next three years as a part of a restructuring plan aimed to restore profits by next year.

Talks of an alliance between GM and DaimlerChrysler was first reported recently in Germany's Manager-Magazin.

Other unnamed sources said to be familiar with the discussions confirmed the reports Friday for Reuters and the industry newspaper Automotive News.

DaimlerChrysler employed J.P. Morgan Chase & Co. to consider options for the Chrysler Group, to help the automaker explore strategic options, according to trade newspaper.

For sale: A smaller Chrysler
But others are also skeptical on whether the discussions are real.

"This would be an at least $5 billion plus deal and GM is not that liquid right now," John Casesa said, an automotive analyst with Casesa Strategic Advisors, told CNN. "I'm not convinced at all and I think it's unlikely."

Other experts contacted by CNNMoney.com said that while a GM purchase of Chrysler appeared unlikely, they could see other buyers emerging.

"The challenge is who would be a buyer," David Cole, chairman of the Center for Automotive Research, said Wednesday of a possible sale of Chrysler. "Maybe a Chinese company that really wants entrance into U.S. market or Renault-Nissan would see it fit with its strategy. But it's tough."

Chrysler's Valentine's Day massacre
Carlos Ghosen, the CEO of both French automaker Renault and Japanese automaker Nissan (Charts), had expressed interest in finding a North American partner to join the alliance between his two companies. Talks between GM and those two automakers last year were abandoned without any agreement.

Kevin Tynan, auto analyst at Argus Research, said Wednesday he believes Chrysler will end up being sold due to pressure from DaimlerChrysler's shareholders to undo the 1998 merger, but he thinks a sale to a private equity group is more likely than a combination with another automaker.

"There's value to those brands," he said. "I think relative to Ford Motor (Charts), there's less dead weight. Nine years later, it's probably the right thing to do. I think there's a feeling in Germany that it's time to cut bait."

Officials for DaimlerChrysler and GM issued no comments on the reports.

DaimlerChrysler has long tried to reverse the drop in sales with previous cost-cutting moves but slipped into the No. 4 spot last year behind Toyota (up $0.21 to $136.98, Charts) in the United States.

Other reports have suggested that talks between Chrysler and GM were more limited in scope than a full merger. The Wall Street Journal reported Thursday that the two were in talks to jointly develop a large SUV that would be similar to the Chevrolet Suburban, a product that Chrysler Group doesn't have in its lineup. The New York Times had a similar report Friday. Neither publication had their own reports on the potential merger talks as of mid-day Friday.


I think it is highly unlikely that GM will get Chrysler. I just hope to god that if someone does buy it that it goes to an AMERICAN investment bank...please Jesus...not China...not Nissan...

[bassmangrammy]

In tomorrow's Wall Street Journal: "DaimlerChrysler AG is moving forward with preparations to sell or spin off the Chrysler Group, raising the prospect that it could auction off the embattled U.S. unit in the coming months, two people close to the matter said."

I wouldn't be surprised if it is bought out by a private equity firm, and then completely re-vamped. It's going to be a bargin.

[Jeff]

I would like to see an American investment bank purchase it. I just don't want it going to another foreign country. Chrysler coming "back home" as "The Chrysler Corporation" would be the realization of a dream for me.

[CaptainHenreh]

I think Nissan/Renault should purchase Chrysler if they can.

It would be a serious powerhouse.