GM in talks to buy Chrysler!!!!! [Archive] - Cherokee SRT8 Forum

: GM in talks to buy Chrysler!!!!!


Godiwant1
02-16-2007, 04:38 PM
Just heard on Fox News that GM is in negotiations to purchase Chrysler from Diamler. God please don't let this happen. DC may not be perfect but GM flushed themselves down the toilet and I would hate to see what would happen to the jeep especially the SRT's under that same type of management.:( :confused: :eek:

dalla1
02-16-2007, 04:44 PM
dodge is ****ed now. gm will ruin everything if they do.

str8DC
02-16-2007, 04:44 PM
From the WSJ:

"Chrysler also is exploring partnerships to jointly develop vehicles, powertrains, axles and other aspects of auto making. One possible alliance is with General Motors Corp., said people familiar with the matter. An agreement is far from certain, these people said, and they discounted the potential that a possible GM-Chrysler alliance based on specific vehicles would develop into something deeper.

This week, DaimlerChrysler and the Chrysler Group unveiled a turnaround plan for Chrysler that aims to return the U.S. unit to profitability by 2008, and it wouldn't rule out selling the operations. DaimlerChrysler CEO Dieter Zetsche declined to comment further, but people familiar with the situation said DaimlerChrysler already has begun talks to explore a sale or spinoff of the Chrysler Group. Any future alliances with other auto makers would be affected by the fate of Chrysler itself."

Also, after end of day trading, WSJ also noted:

"We’re hard-pressed to see just how General Motors would find a way to buy DaimlerChrysler’s Chrysler Group unit, but investors aren’t having such reservations, at least for a short-term trade. Daimler stock is up 4.3% on the day, and Dow Jones Newswires notes that options activity has been particularly heavy, even on calls (options to purchase a share) that expire at the end of the day. "

Godiwant1
02-16-2007, 05:07 PM
but people familiar with the situation said DaimlerChrysler already has begun talks to explore a sale or spinoff of the Chrysler Group.

I understand "sale" but what the heck is spinoff???

AlexT
02-16-2007, 05:35 PM
but people familiar with the situation said DaimlerChrysler already has begun talks to explore a sale or spinoff of the Chrysler Group.

I understand "sale" but what the heck is spinoff???

Take it public as a separate company, breaking it out of DC.

Alex

stevem
02-18-2007, 11:38 AM
GM probably won't buy DaimlerChrysler. GM does not have that much cash laying around. Also, Mercedes is so tied into DaimlerChrysler now that it would be very difficult for GM to separate the brands. A sharing of technology would make more sense. It wouldn't surprise me to see SRT engines start showing up in GM cars in the future. And what would we get? Maybe we could learn the secret identity of Mr. Goodwrench. :eek:

Mango
02-18-2007, 01:22 PM
The ACTUAL debate is between strictly the CHRYSLER division. GM would buy only the Chrysler brand. This would be very strange if it indeed happens.

Sheri'SRT8
02-18-2007, 03:43 PM
The ACTUAL debate is between strictly the CHRYSLER division. GM would buy only the Chrysler brand. This would be very strange if it indeed happens.
I'd find it hard to belive that GM would only buy one division. All of the WSJ reporting has indicated that the spinoff would be the entire Chrysler Group North American operations.

Mango
02-18-2007, 04:05 PM
Go do some reading on cnbc.com. They mention that it would JUST be Chrysler brand. Dr. Z himself stated this.

I agree that it would be very strange to just sell that brand.

ccbatson
02-18-2007, 08:19 PM
Very strange...too much is shared with Dodge and Jeep to make a sell off of just one of these three to make any sense to anyone on the selling or buying side of the equation.