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GM and Chrysler are in merger talks. Read the link. Cerberus already owns 80% of Chrysler and 51% of GMAC (GM's financing arm). I could see this happening since it's just an equity swap.
that sucks...I am not a fan of dodge or there quality, so I dont see this as being a good thing.
well if there was a merger, i would asume that gm would be the ones that are in control. if gm were controlling chrysler, then i'm sure their (chrysler's) quality would be a bit better.
I read today (Wall Street Journal) that the talks were basically on the level of GM trading it's 49% share of GMAC for Cerberus's 81% of Chrysler. It's hard to say right now if that would be a good trade or not.
-<i>Travis</i><br /><b>99 Trans Am, Pewter, A4</b> Forged, stalled, and cammed<br /><b>85 Buick Regal WH1 T-Type</b> It\'d be cool if it ran...<br /><b>94 Camaro 3.4, Teal, M5</b> The daily beater
I'd say buy available stocks now, before they go up. It'll all depend on investors' confidence, but even when Diamler first took over, the stock shot up for a few days. That amount of time would pull good dividends on the short term.
I read today (Wall Street Journal) that the talks were basically on the level of GM trading it's 49% share of GMAC for Cerberus's 81% of Chrysler. It's hard to say right now if that would be a good trade or not.
This is the key. GMAC is boned due to the current economy. If they can offload their toxic mortgage debt to the fed, then they will turn around very quickly. I don't think this is a good thing for GM since GMAC will be looking much better in the next 12 months. Chrysler, they have no hope. There is no bailout coming for them. Hopefully GM is smart enough to see that.
Hi, everyone. We bought a 97 base model convertible Camaro and someone broke the motor ... Lights were blinking on the dash and that someone ignored the...
Still trying to find oil leak on my Camaro, it’s a tough one. I think it is the oil pressure sender myself. Leaking when raving and going into boost....
4 days ago
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