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Report: GM in talks to buy Chrysler


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Autonews carried the story as well. GM talks to lots of people, as you would expect, so I would not get too excited yet. It is an easy way to boost your sales numbers, but there are a ton of issues. It would be a better fit for Toyota or Nissan/Renault all in all -- they have cash sitting around, at least in the case of Toyota, and could use the factories in the US.


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DeLorean talked to Chrysler about a buyout, but Lee Iaccoca said no. I saw him at a news conference and the reason was that basically when you have a buyout or merger, one of the partners should be making money, and that it's not a good idea if both are losing money.

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