Got these off of another site...
"Automotive News, citing unnamed sources in Germany and the United States, said the companies were engaged in high-level talks about GM buying Chrysler Group, which sells Chrysler, Dodge and Jeep vehicles, in its entirety.
The source who spoke to Reuters said it was questionable whether GM would want Chrysler's finance business, having sold its own finance arm, GMAC, last year.
Analysts questioned whether GM would benefit from an outright merger with Chrysler, since both automakers are struggling with excess production capacity, sliding sales and a heavy exposure to trucks and sport utility vehicles.
Feinman, who does not own GM debt, said both GM and Chrysler have too many overlapping models, and any merger would have to result in even deeper cuts to jobs and output. "If they do merge, there would have to be massive streamlining and there would be hundreds of thousands of more jobs lost," he said.
Feinman added, "The only one to benefit would be Daimler because they would get rid of Chrysler."
David Healy, an automotive analyst with Burnham Financial Group, was also skeptical.
"My own feeling is that a full merger wouldn't make any sense," said Healy. "They're bitter competitors, they have the same costs, and they have a similar footprint in the U.S. and Canada.
"That said," Healy continued, "I think there's room for cooperation on joint ventures where, for example, one company lacks a model or a diesel engine -- why do it twice rather than once as a joint venture?"
Burnham owns GM shares. The firm does not have investment banking relationships with GM.'
http://finance.sympatico.msn.ca/inve...mentid=2982287
The statistics on sanity are that one out of every four Americans is suffering from some form of mental illness. Think of your three best friends. If they're okay, then it's you.
-Rita Mae Brown-
GM don't need Buick, Pontiac or Hummer. Either resurrect Saab or throw it in the trash.Originally Posted by 2ndclasscitizen
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IIRC, Mercedes-Benz was struggling, but they were not losing money like Chrysler is doing now. In fact Chrysler has lost 1,3 billion $ this year which is quite a lot, and this is more of a problem than Mercedes losing some sales, if you ask me.
Some have raised the point of the shared engines. I don't think this is a problem for selling. Look at Land Rover, the Range Rover is basically a fully BMW desgined car, and that didn't stop BMW selling the brand to Ford, and the car continued with its BMW parts until recently when it's been Jaguarised.
Lack of charisma can be fatal.
Visca Catalunya!
GM to buy Chrysler? No, but the rumor sells magazines and adverts on blogs.
I read somewhere that GM and Chrysler would be an alliance rather than a merger. Such an alliance would be modelled on the one between Renault of France and Nissan of Japan. The French company owns about one third of Nissan.
An alliance would mean they remain separate companies, but possibly with a cross-shareholding, while acting as a single company in product development, production and sales.
Sueddeutsche Zeitung said GM had too many problems of its own and would not want to bring another struggling company on board.
The statistics on sanity are that one out of every four Americans is suffering from some form of mental illness. Think of your three best friends. If they're okay, then it's you.
-Rita Mae Brown-
At least now Benz stock will finally go up .
Remember GM itself is not a manufacturer but a company that buys other manufacturers. Acquisition of other manufacturers is what they do.
"A string is approximately nine long."
Egg Nogg 02-04-2005, 05:07 AM
I'm dropping out to create a company that starts with motorcycles, then cars, and forty years later signs a legendary Brazilian driver who has a public and expensive feud with his French teammate.
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