  Lilpup Member Username: Lilpup Post Number: 5053 Registered: 06-2004 |
Gov't backed merger to help out the bigwigs at Cerberus by forcing a deal similar to what GM turned down earlier? | ||
Ja1mz Member Username: Ja1mz Post Number: 145 Registered: 02-2007 |
Per wwj-it was just a rumor no talks on a merger are happening | ||
Bob Member Username: Bob Post Number: 1228 Registered: 11-2003 |
Yes, Detnews says GM says its just a rumor. | ||
Lilpup Member Username: Lilpup Post Number: 5058 Registered: 06-2004 |
The Wall Street Journal is printing rumors now? Or are they trying to push someone's agenda? | ||
Danny Member Username: Danny Post Number: 4509 Registered: 02-2004 |
Will the last person in Detroit please turn off the lights because Chrysler and GM is going under. | ||
Mikeg Member Username: Mikeg Post Number: 2084 Registered: 12-2005 |
It looks like the rumors are not about a merger, but rather about combining GMAC and Chrysler Financial: Cerberus Capital Management is majority owner of both finance arms, or fincos, and has been talking with GM about the idea of combining them..... Cerberus is willing to give up a range of concessions in order to get government support for combining the finance arms, which would in turn save the auto makers by turning back on the financing spigot that supports sales. [source] |
