GM to buy Chrysler (rumor)

THGL · February 16th, 2007, 08:46 PM

http://www.leftlanenews.com/2007/02/...uire-chrysler/

Quote:

Report: General Motors in serious talks to acquire Chrysler

General Motors is in negotiations with DaimlerChrysler to buy the Chrysler Group in its entirety, according to sources in Germany and America. The group consists of the Chrysler, Dodge, and Jeep brands. High-level talks are underway between DCX and GM executives, according to trade publication Automotive News.

Rumors of an alliance first appeared in Germany's Manager-Magazin, but today's report is the first calling for an outright acquisition. Speculation about a GM acquisition began this week, but today's report is the first claiming to cite high-level sources. What's more, this is the first we've heard of actual negotiations taking place.

Following its announcement earlier this week of a $1.3 billion loss in 2006 for the Chrysler Group, DaimlerChrysler said it would consider all possible options to rectify the situation.

"No option is being excluded in the interest of arriving at the best possible solution for the Chrysler Group and DaimlerChrysler as a whole," the company said.

German newspapers Handelsblatt and the Frankfurter Allgemeine Zeitung said DaimlerChrysler was specifically looking at a spin-off of the Chrysler Group on the stock market. The reasoning behind such a move is to avoid the hassle of finding a company to acquire Chrysler. However, it appears GM was quick to step up to the plate.

On Wednesday, Chrysler announced three-year Recovery and Transformation Plan that seeks a return to profitability by 2008, including 13,000 job cuts and one plan closure

Wow, all that suckage in one place would certainly create a black hole!

argatoga · February 17th, 2007, 05:27 AM

What would be the point? There is a lot of overlap in their products and GM can't afford to kill of anymore brands (Oldsmobile cost them a fortune to kill-off). I don't see any gain for GM in doing this. If GM buys Chrysler they deserve to go bankrupt.

BerserkerCatSplat · February 17th, 2007, 08:29 AM

As I understand it, GM has already denied that.

Aston Martin · February 17th, 2007, 01:33 PM

Bye bye Viper.

Dsemaj · February 18th, 2007, 01:08 PM

It wont happen. Period.

tigger · February 19th, 2007, 04:40 PM

Quote:

Originally Posted by BerserkerCatSplat

As I understand it, GM has already denied that.

And Dieter doesn't want to let Chrysler go either. It definitely will not happen.

liberal noob · February 20th, 2007, 04:12 AM

my sig

jetsetter · February 20th, 2007, 04:54 AM

Quote:

Originally Posted by liberal noob

my sig

You do realize that almost nobody takes that site seriously right?

GTX · February 23rd, 2007, 04:29 AM

It ain't gonna happen.

Maybe the Chinese are interested in buying Chrysler. Of course, Daimler gets to keep Jeep. images/smilies/biggrin.gif

Dygear · February 25th, 2007, 01:57 PM

GM just laided off like 10,000 workers, why do they even bother?

niteriyder · February 25th, 2007, 07:30 PM

forget Chrysler...other than the Viper and 300C/Charger/Magnum-which to be honest, aren't that great - chrysler is hopeless

oops forgot the new challenger, i'd rock that any day

Samir · February 27th, 2007, 06:07 PM

http://autos.canada.com/news/story.h...7-32077f064b12

Well, according to that article, Canadian auto-parts giant Magna International is thinking about buying Chrysler. Good synergy with their line of business, but is Chrysler too much into the hole to be salvageable?

Vitamin J · February 27th, 2007, 06:20 PM

If GM buys Chrysler GM will turn around and sell it to a private owner.

February 17th, 2007, 08:29 AM	#3
BerserkerCatSplat Hormone Induced Joined: Jun 21st, 2005 Last Online: 09:30 PM Location: Calgary, Alberta, Canada Posts: 5,915 Car: Pimpmobile Rep Power: 73	As I understand it, GM has already denied that. __________________ OSPhoto

February 17th, 2007, 01:33 PM	#4
Aston Martin Joined: Sep 20th, 2006 Last Online: 08:26 PM Location: Hull, England Posts: 1,188 Rep Power: 20	Bye bye Viper. Last edited by Aston Martin; February 17th, 2007 at 02:13 PM..

February 18th, 2007, 01:08 PM	#5
Dsemaj Previously Known As Jamesd Joined: May 3rd, 2006 Last Online: 02:45 PM Location: Adelaide, Australia. Posts: 2,173 Car: '95 BMW 530i, '85 Nissan Bluebird S3 GXE Rep Power: 27	It wont happen. Period. __________________ 1995 BMW E34 530i V8 M60B30 218HP/163kW 5sp Auto 1985 Nissan 910 Bluebird I4 CA20S 105HP/78kW 3sp Auto

February 20th, 2007, 04:12 AM	#7
liberal noob Joined: Feb 14th, 2007 Last Online: December 18th, 2008 Location: Berkley, MA USA Age: 22 Posts: 255 Car: 1999 VW Jetta Rep Power: 8	my sig __________________ http://www.thetruthaboutcars.com/ Up to the minute car news. I like sirens and emergency vehicle lights. Police impersonation is on the rise. Get the facts, click here. The ultimate Transformers informational website.

February 25th, 2007, 01:57 PM	#10
Dygear Joined: Dec 5th, 2005 Last Online: January 4th, 2009 Location: Levittown, NY Age: 20 Posts: 278 Car: 1992 Ford Mustang LX LFS Status: Rep Power: 17	GM just laided off like 10,000 workers, why do they even bother? __________________ *Eagle Race Team*

February 17th, 2007, 05:27 AM	#2
argatoga Can't Start His Wank Joined: Oct 4th, 2005 Last Online: 02:52 AM Location: Washington State, USA Age: 25 Posts: 2,107 Car: '97 Mustang GT, '78 MG Midget (12a swap) Rep Power: 52	What would be the point? There is a lot of overlap in their products and GM can't afford to kill of anymore brands (Oldsmobile cost them a fortune to kill-off). I don't see any gain for GM in doing this. If GM buys Chrysler they deserve to go bankrupt.

February 23rd, 2007, 04:29 AM	#9
GTX Joined: Feb 13th, 2007 Last Online: March 18th, 2007 Posts: 9 Rep Power: 0	It ain't gonna happen. Maybe the Chinese are interested in buying Chrysler. Of course, Daimler gets to keep Jeep.

February 25th, 2007, 07:30 PM	#11
niteriyder Joined: Mar 26th, 2005 Last Online: December 15th, 2008 Location: Sunny California Posts: 333 Car: 2008 Corvette Coupe Rep Power: 0	forget Chrysler...other than the Viper and 300C/Charger/Magnum-which to be honest, aren't that great - chrysler is hopeless oops forgot the new challenger, i'd rock that any day __________________ The Dream

February 27th, 2007, 06:07 PM	#12
Samir Joined: Aug 29th, 2006 Last Online: December 23rd, 2008 Posts: 372 Car: 2005 Honda Accord EX-L, 2002 Ford Mustang LX Rep Power: 10	http://autos.canada.com/news/story.h...7-32077f064b12 Well, according to that article, Canadian auto-parts giant Magna International is thinking about buying Chrysler. Good synergy with their line of business, but is Chrysler too much into the hole to be salvageable?

February 27th, 2007, 06:20 PM	#13
Vitamin J Joined: Jul 11th, 2006 Last Online: December 21st, 2008 Location: Denver, CO Posts: 615 Car: 1996 Mazda Miata 1.8L, 1992 Spec Miata 1.6L Rep Power: 0	If GM buys Chrysler GM will turn around and sell it to a private owner. __________________

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