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12 Oct 2008, 17:10 (Ref:2310306) | #1 | |
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GM & Chrylser merger, Could GM & Ford also
Chrysler, GM discuss merger, acquisition: UPDATE: General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports. The Wall Street Journal, citing people it described as familiar with the discussions, reported that Cerberus Capital Management, the private equity firm that owns 80.1 percent of Chrysler and 51 percent of GMAC Financial Services, proposed trading Chrysler's automotive operations to GM. The Journal said Cerberus would receive GM's remaining 49 percent stake in GMAC. The New York Times, also citing people familiar with the talks, reported that the automakers were discussing a merger. The Times did not mention GMAC, a traditional auto lender hit hard by the housing market downturn. The talks have stalled because of the recent turmoil in the financial markets, according to the Journal. Its sources said negotiations could resume if markets stabilize because both GM and Cerberus want to quickly divest the assets under discussion.(Associated Press/Yahoo), no idea how this would affect Dodge or Chevy in NASCAR.(10-11-2008)
UPDATE: General Motors Corp. approached Ford Motor Co. in recent months about a possible merger but Ford called off the talks after the Dearborn, Mich. auto maker concluded it should continue to go it alone, according to a person directly familiar with the talks. GM and Ford already have a joint venture involving six-speed transmissions and have talked about expanding that partnership to include powertrains, according to sources familiar with the discussions.(Wall Street Journal)(10-12-2008) Last edited by Adam43; 12 Oct 2008 at 17:14. Reason: Please see the FAQ about posting news items and links to other forums/discussions. |
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12 Oct 2008, 17:27 (Ref:2310317) | #2 | ||
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Preliminary talks. Nothing confirmed. I don't see how wise it would be to swap a car company which could become profitable with GMAC.
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12 Oct 2008, 19:42 (Ref:2310430) | #3 | |
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UPDATE: General Motors Corp. approached Ford Motor Co. in recent months about a possible merger but Ford called off the talks after the Dearborn, Mich. auto maker concluded it should continue to go it alone, according to a person directly familiar with the talks. GM and Ford already have a joint venture involving six-speed transmissions and have talked about expanding that partnership to include powertrains, according to sources familiar with the discussions.(Wall Street Journal)(10-12-2008)[/quote]
Ford are probably thinking that they are on the brink of getting GM for next to nothing anyway, so why merge? |
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1 Mar 2009, 17:02 (Ref:2406748) | #4 | ||
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I dont think i could handle GM merging with Ford but i guess its a sign of the times. Hopefully they will shoot GMs CEOs and find some people with a brain.
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2 Mar 2009, 11:09 (Ref:2407275) | #5 | ||
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it would be very weird having GM & Ford together given branches of both companies here in Australia ar fierce rivals (Holden and Ford).
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11 Mar 2009, 20:21 (Ref:2413860) | #6 | ||
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the Holord Falcodore Cup.. hmmm
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30 Apr 2009, 08:17 (Ref:2452648) | #7 | ||
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Heard on the news tonight that Chrysler and Fiat look like merging. Hopefully it saves some jobs and adds some certainty to the lives of the employees of the merged company
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30 Apr 2009, 09:01 (Ref:2452688) | #8 | ||
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30 Apr 2009, 09:33 (Ref:2452723) | #9 | ||
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Yeah heard that the other day. First Pontiac who next?
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30 Apr 2009, 19:35 (Ref:2453143) | #10 | ||
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30 Apr 2009, 22:48 (Ref:2453272) | #11 | ||
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So they file for bankruptcy protection then merge with Fiat after all of there problems are made to dissapear with declaering themselves bankrupt
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1 May 2009, 10:03 (Ref:2453490) | #12 | ||
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So, Fiat 500 in the USA becomes a Chrysler 'something' and yet shares a platform with a Ford product. And I seem to recall thet a few years ago Fiat were snuggled up with GM. Presumably they may have to make it a 2 seater. 2 versions, on with side by side seats for normal person use and leaving enough room for the shopping and the other with tandem seats to accommodate those with a slightly larger girth. Alternatively I suppose Obama could just nationalise the lot into a single entity and then shut half the factories using the other half to make windmills. |
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1 May 2009, 10:10 (Ref:2453493) | #13 | ||
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Is it a merge with Fiat or does it become like a take over simular to what happened when they "mereged" with Benz a while back. Really that didnt seem to be anything more than Mercedes taken a stake then going in a running the place. I maybe wrong....
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1 May 2009, 12:37 (Ref:2453578) | #14 | ||
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It will be a technology sharing partnership, but it Seems it will mostly be FIAT management at the top. The UAW will own 55% of the stock, but it will be non-voting shares - dumb idea IMO.
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1 May 2009, 13:08 (Ref:2453594) | #15 | ||
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Fiat have done such a good job over the years. It was only 8 or 9 years ago that Fiat was in serious trouble. Fiat has also had great trouble in finding someone to lead the comapny since Gianni Agnelli passed away.
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1 May 2009, 14:47 (Ref:2453641) | #16 | |||
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My frustration is with them keeping Buick. Traditional Buick buyers are either dead or dieing and it is their absolute weakest product. The brand name is a hit in China, but the products are different than what they sell here. Pontiac sold twice as many cars a Buick last year, what's the point? |
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1 May 2009, 14:50 (Ref:2453642) | #17 | |||
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