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Chrysler may be sold to GM

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Chrysler may be sold to GM
Old October 12th, 2008, 08:09 PM   #1
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Chrysler may be sold to GM
Did a search but did not see this posted yet.

http://www.nytimes.com/2008/10/11/bu...11auto.html?hp
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Old October 12th, 2008, 08:12 PM   #2
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Quote:
Originally Posted by redlineviper View Post
Did a search but did not see this posted yet.

http://www.nytimes.com/2008/10/11/bu...11auto.html?hp
repost!!!
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Old October 12th, 2008, 08:21 PM   #3
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Damn! i hate reposts, didnt see the orig, sorry
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Old October 12th, 2008, 08:23 PM   #4
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On topic, who cares about repost. Is this one stock worth picking up and if so, which one, Chrysler or GM?
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Old October 12th, 2008, 08:48 PM   #5
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Originally Posted by a66cobra1 View Post
On topic, who cares about repost. Is this one stock worth picking up and if so, which one, Chrysler or GM?

Yes, what does everyone think? I never mess with the stockmarket, but I am going to get an account set up tomorrow. There has to be some opportunities out there. GM is at the price that it was back in the 50s. I couldnt imagine it going much lower?
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Old October 12th, 2008, 08:54 PM   #6
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Chrysler is a privately held company. No stock traded.

GM is in no position to be buying anything. Cerburus, who owns Chrysler is more likely to take over GM. GM is close to bankruptcy.
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Old October 12th, 2008, 08:58 PM   #7
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True, but what are we talking about worse case here?

My uneducated guess would be that before GM went belly up that someone domestic or european would buy them. Or the Gov would step in. No way will the Gov let someone like GM/Ford go under. So either way the stock cant get much worse.
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Old October 12th, 2008, 09:05 PM   #8
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The Dallas Morning News reported today that GM and Ford held merger talks back in July and GM bailed.
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Old October 12th, 2008, 09:48 PM   #9
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Cerberus trades majority stake in Chrysler for the other 49% of GMAC they dont already own.

You heard it here first.
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Old October 12th, 2008, 09:54 PM   #10
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So what is to be of Chrysler?
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Old October 13th, 2008, 05:12 PM   #11
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Quote:
Originally Posted by dans69ss View Post
So what is to be of Chrysler?
Does it really matter? They are no longer relevant.

Jeep can't stand on their own, especially now that they are heavily reliant on Dodge platforms.

Dodge only has trucks.

Chrysler rode the 300 into the ground.

GM will get a Heavy-duty truck platform that can actually compete with Ford and the two mode hybrid developed with MB.

Cerberus is in the money business, not the manufacturing business.
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Old October 13th, 2008, 05:50 PM   #12
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Quote:
Originally Posted by dans69ss View Post
The Dallas Morning News reported today that GM and Ford held merger talks back in July and GM bailed.

True!!
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