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Author
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Topic: Big Three to become Big Two?
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Doug
rabble-rouser
Babbler # 44
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posted 11 October 2008 05:02 AM
Since it's not just banks that are having trouble... quote:
General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports.The Wall Street Journal, citing people it described as familiar with the discussions, reported that Cerberus Capital Management, the private equity firm that owns 80.1 per cent of Chrysler and 51 per cent of GMAC Financial Services, proposed trading Chrysler's automotive operations to GM. The Journal said Cerberus would receive GM's remaining 49 per cent stake in GMAC.
GM, Chrysler exploring merger
From: Toronto, Canada | Registered: Apr 2001
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Tommy_Paine
rabble-rouser
Babbler # 214
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posted 14 October 2008 04:36 PM
Historically, it's nothing new. Everytime there has been a downturn in the economy, one of the big three has eaten up a smaller manufacturer that fell by the wayside. Back in the 80's it was Chrysler buying up the remains of AMC.... and didn't AMC gobble up Nash in the 30's or 40's? Should Wiki it, I suppose.Divisions of General Motors, which are just names anymore, like Pontiac, Buick, etc, used to be independant car manufactures. However, I don't think anyone bought up Studebaker-- I think it just folded.
In the end, I think you will eventually see Ford, GM and Chrysler as one company.
Oh, and you can bet your bottom dollar that the cars this company will make will fall apart exactly at 75,000 miles, be hard to start in the rain, and a bastard to work on... Worst of all three worlds.  [ 14 October 2008: Message edited by: Tommy_Paine ]
From: The Alley, Behind Montgomery's Tavern | Registered: Apr 2001
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