kdaddy Posted February 17, 2007 Report Share Posted February 17, 2007 Have you heard the news that GM might buy Chrysler? Click below http://money.cnn.com/2007/02/16/news/compa...dex.htm?cnn=yes Link to comment Share on other sites More sharing options...
Ed Fenwick Posted February 17, 2007 Report Share Posted February 17, 2007 Aloha, Yes ,I read that also. Not good news for GM. I rented a Sebring in Hilo a few weeks ago and the car was really poor. The other thing is, my boss said that Renault owns GM! Is that so guys? Ed Link to comment Share on other sites More sharing options...
stefank Posted February 17, 2007 Report Share Posted February 17, 2007 AFAIK, Renault merged with Nissan. There was some talk about an alliance Renault/GM, but it didn't work out. Link to comment Share on other sites More sharing options...
stsjoe Posted February 17, 2007 Report Share Posted February 17, 2007 I might believe GM would go for Jeep but not the whole Company. I doubt Benz would be willing to break it up 2cents Joe Link to comment Share on other sites More sharing options...
JasonA Posted February 17, 2007 Report Share Posted February 17, 2007 Benz really screwed the pooch on this deal. Chrysler, at the time of the merger in 1998, was one of the most profitable car companies and had some great product out. Since the "merger" (which was really just a cash grab for the struggling Benz), Diamler has suppressed Chrysler's budget and capital so low, the products have suffered and sales have slumped and now Chrysler is failing bad. Now Diamler is looking to throw the carcass out with the trash. Jason(2001 STS, White Diamond) "When you turn your car on...does it return the favor?" Link to comment Share on other sites More sharing options...
kdaddy Posted February 17, 2007 Author Report Share Posted February 17, 2007 ED, Ranault couldn't "OWN" GM no more than you could own microsoft. When your boss mentioned that, alarms should have went off in your head. The first thing I would have said to him was, "Sir, I think GM is a little to big for that crappy little French company to own. And yes I stick by those words crappy little French company. STS Joe, Another article came out today and yes its the whole company. Jason A, I think GM would be able to infuse the necessary capital into Chrysler. Besides, Chrysler actually has some appealing cars now more than ten years ago. Now for my own 2 cents if this merger is sucessful and the GM is able to integrate effectively than this would ensure GM to be #1. Kyle Link to comment Share on other sites More sharing options...
Ed Fenwick Posted February 17, 2007 Report Share Posted February 17, 2007 Aloha Kyle, I hope that you are right. I don't think much of Ford (it don't look so good now); And Chrysler (it ain't so good no more). That leaves GM and even if the cooling engineers suffer greatly, I still like the cars. My 2 cnts Ed Link to comment Share on other sites More sharing options...
Bruce Nunnally Posted February 21, 2007 Report Share Posted February 21, 2007 http://www.businessweek.com/autos/content/...index_top+story IF GM did buy Chrysler, they would... Bruce 2023 Cadillac CT4-V Blackwing Follow me on: Twitter Instagram Youtube Link to comment Share on other sites More sharing options...
steve6 Posted February 21, 2007 Report Share Posted February 21, 2007 The options are endless... They could simply buy it for a few models, like the minivan and JEEP or/and the 300, and try to spin the rest off again.. There is a lot of companies that could use a already in place network for distribution in North America (Kia, Hyundai etc). The deal might be too good to pass up, maybe as low as 3 to 5 billion, considering Daimler paid 40 BILL for them in 1998.. sounds like a bargain. Link to comment Share on other sites More sharing options...
kev2 Posted February 21, 2007 Report Share Posted February 21, 2007 I worry that CHINA inc will buy the brand just to make an inroad into the market with a known brand... I agree jeep is the valued brand here. Link to comment Share on other sites More sharing options...
kdaddy Posted February 22, 2007 Author Report Share Posted February 22, 2007 Kev, True as you say. China's Chery Auto Company haas been entertaining the idea also. China could easily out bid GM for Chrysler because of its HUGE American dollar reserves. God help us all. Kdaddy Link to comment Share on other sites More sharing options...
coolnesss Posted February 24, 2007 Report Share Posted February 24, 2007 Likewise, I rented a Sebring - and it was truly uninspired. Chrysler styling is lovely many times - but then so is Cadillac lately. Imagine having an Imperial and a Camaro in the garage. Hmmm . . . Link to comment Share on other sites More sharing options...
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