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General Motors and Chrysler have held merger talks
cbc.ca — The Wall Street Journal, citing people it described as familiar with the discussions, said 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.
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- alapoet, on 10/11/2008, -0/+2That would be gargantuan.
- crownedgriffin, on 10/11/2008, -0/+3I don't see what GM would gain from this. They already have too much product overlap, and have been stuggeling to get rid of much of its over grown dealership network. Two companies who have their heads under water aren't going to pull each other up.
- bradspangler, on 10/11/2008, -0/+2It's a cartelistic approach. They'd rather see the Chrysler production capacity wasted and contribute to further losses at GM than be available to potential competitors outside the Big Three.
- brad3378, on 10/11/2008, -0/+3I suspect that it's similar to some of the banking strategies.
They want to be "Too big to fail" so they can ask for more bailout money.
- ferrell, on 10/11/2008, -0/+1I guess this means they will have to come out with a sticker of Calvin pissing on himself.
- Heywoodj, on 10/12/2008, -0/+1 General Mopar?
- Berkana, on 10/12/2008, -0/+1So they can fail together rather than separately?
GM and Chrysler have the same problem: their cars. Duh. If American industry weren't so myopic, it wouldn't be dying right now. - janet25, on 10/12/2008, -0/+0Wow what a great idea........
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