GM/Chrysler Merger
 

Anyone have up to date news on this?.
Rumor is GM has an announcement to make tomorrow Nov. 7'th?.

https://www.yenko.net/ubbthreads/imag...lins/dunno.gif
~ Pete

Re: GM/Chrysler Merger
 

Yeah, the announcement is that they're both *broke*, so neither can afford to buy the other!

The Fed said "no" to a loan/bailout for Gm to by ChryCo...guess the bankers/investors had better "lobbyists"...or at least more $$$ to throw at those who had a vote. https://www.yenko.net/ubbthreads/imag...s/rolleyes.gif

Re: GM/Chrysler Merger
 

Thanks Rob...that may be good news anyway?.

If only Billy Durant was still around, he'd find the dough and shake things into order quickly!.
Sadly the days of guys like him and Kettering are long gone for GM..
https://www.yenko.net/ubbthreads/imag...lins/frown.gif

~ Pete
https://www.yenko.net/ubbthreads/imag...ouguysrock.gif

Re: GM/Chrysler Merger
 

I still don't understand how this makes any sense, particularly for GM. What does Chrysler have, besides minivans and Jeeps, that GM doesn't? They both have too many factories and too many dealerships.

I hope this isn't just Studebaker buying Packard, finding a companion to go down with.

Re: GM/Chrysler Merger
 

They can get out of the RENCEN in Detroit. They can get out of the Tech Center in Warren (50 year old buildings). Consolidate it all into the newer Auburn Hills location. They drop all of Chrysler's product except the van and Jeep (both maybes). They have already postponed or axed any new developement on any new engines in particular their new small car and its new engine. They would like Toyota to join in too. They can supply the small car product. It can all be built on Chrysler's assembly lines. JMO

Re: GM/Chrysler Merger
 

[ QUOTE ]
I still don't understand how this makes any sense, particularly for GM. What does Chrysler have, besides minivans and Jeeps, that GM doesn't?

[/ QUOTE ]

11 Billion Dollars in cash on hand!

I beleive GM has about 10 Billion on hand and this merger may help them last long enough for a turn around to take effect. In the end the government would rather bailout just 2 automakers than 3. GM & Ford will definitely get a bailout as both are too important to the economy, consumer confidence and strategic manufacturing capacity to let fail.

Re: GM/Chrysler Merger
 

It's all about the daily cash burn and jobs. Yuo have the new factories in the south, non union, that are operating skinned to the bone, the big 3 have to figure out a way to fund the heavy pension and health care issues due to the terms of the last bloated UAW contract, once that is out of the way, they may be able to go forward with a similar setup the south is using, assuming the industry as a whole gets better. My .02

Re: GM/Chrysler Merger
 

How long can the big three operate in the red? Its already been years...

Re: GM/Chrysler Merger
 

Operating in red for the most part is nothing more than creative accounting -- https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Re: GM/Chrysler Merger
 

Well, it looks like they're running out of creative ideas. This is pretty scary. http://news.yahoo.com/s/ap/20081107/...bi_ge/earns_gm

Re: GM/Chrysler Merger
 

Looks like they will try and get more tax money to keep these companies afloat. Will it ever end. My kids-kids will be paying this debt off https://www.yenko.net/ubbthreads/imag...thumbsdown.gif Time to get there hands out off my pockets!!!!

Re: GM/Chrysler Merger
 

Says they will be selling off assets... look for the Heritage Collection to go on the block!

Paul

Re: GM/Chrysler Merger
 

So let's say they merge, a BIG IF!, acquire the branding for the Chrysler products people want and diversify the comapny into 3 parts.

Let's say they keep the Cadillac & Chevolets as the models of performance and hi end runs and add the challenger and more to that line.

Streamline ALL new economy, Hybrid, fuel economy, and low end entry level cars on the newer assembly lines from Chrysler giving them a way to complete and deliver immediately.

Have all of the truck lines in the GMC line.

Im not at GM but I am just thinking out loud that GM could use the older lines for the slower selling, hi end, and performance cars, and retool as needed once the faster new assembly lines pull them out of the hole they are in.

So many models to me are unecessary and could be axed to keep just what is needed.

I continually revert back to the 50's and 60's and wonder why GM doesnt simplify things and use 3 engine types for a multitude of models. That could help keep costs predictable without having some many different engine developements.

https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: GM/Chrysler Merger
 

A merger is more likely, because neither has the money to buy the other. With a lot of overlapping of jobs, such as engineering as a example, they could eliminate a lot of people. Same with factories and offices. Much of this real estate could be sold off to raise some badly needed cash. They see more angles that we do.

Re: GM/Chrysler Merger
 

ESPN was reporting that if the big 3 take gov't money, that could temporarily spell the end of thier participation in Nascar, it's a dying sport in my eyes anyway.

Re: GM/Chrysler Merger
 

I think that NASCAR and the big three have already been talking, based on what I heard on TV last night. Apparently NASCAR gives them their best exposure to the public compared to any other form of advertising. There may be cutbacks but I think they will be there is some form.

Re: GM/Chrysler Merger
 

We should hear an announcement anytime now.

Re: GM/Chrysler Merger
 

[ QUOTE ]
Looks like they will try and get more tax money to keep these companies afloat. Will it ever end. My kids-kids will be paying this debt off https://www.yenko.net/ubbthreads/imag...thumbsdown.gif Time to get there hands out off my pockets!!!!

[/ QUOTE ] The only guy that had his hands in your pocket was the guy on the coast that sold you that killer survivor L78 nova! https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...mlins/haha.gif

Re: GM/Chrysler Merger
 

That is allright, I get enjoyment out of that, and I am not talking about his hands in my pocket either Sam!!!!! https://www.yenko.net/ubbthreads/imag...mlins/grin.gif

Re: GM/Chrysler Merger
 

Nearing rock bottom. ZERO!

http://news.yahoo.com/s/afp/20081110...sautocompanygm

Was at $30 per last year. Unbelievable. I don't know how much more money the government can shell out to financial institutions and giant corporations. This is really unprecedented territory. At least on this scope.

Re: GM/Chrysler Merger
 

The gov't will give them whatever they need. It is just too many potential jobs lost that cannot be replaced at this time and the trickle down to the rest of ancillary industries associated with Detroit is enormous. Can you imagine what the national debt is going to look like when this all said and done.? What # comes after Trillion.?

Re: GM/Chrysler Merger
 

It will never end.

Re: GM/Chrysler Merger
 

"America" is about to "Change"........We will now be Penalized for "Success"........"And"..... Rewarded for "Failure" https://www.yenko.net/ubbthreads/images/graemlins/bs.gif.....Where's Superman when you need him???.......

Ken https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: GM/Chrysler Merger
 

This is a Historical outrage that this is hapening to our Nation's manufacturing core.

Will someone in Washington...

"PLEASE STAND UP!"

Damn!!!!!
https://www.yenko.net/ubbthreads/images/graemlins/no.gif

Re: GM/Chrysler Merger
 

With the Fed hesitating to help out with the struggling auto makers, something keeps making me think that there must be something for the Fed to gain if the Big 3 go under...they were all too quick to cut a check for the financial guys, but have been cool to ensuring that multiple MILLIONS of folks don't lose their jobs whenever the Big 3 tank...https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: GM/Chrysler Merger
 

Could just be politics. Bush and his cronies have nothing to lose if they drag their heels on such issues, making the Democrat's job that much harder.

If they bail out the big three, and it helps right the economy, who will get the credit? Not Bush.

Re: GM/Chrysler Merger *DELETED*
 

Post deleted by Seattle Sam

Re: GM/Chrysler Merger
 

LOL! I guess the old man got a little carried away...how about we "slow our roll" and get back on topic... https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

Re: GM/Chrysler Merger
 

"Maverick"..http://img.photobucket.com/albums/v6...ers20mates.gif

Re: GM/Chrysler Merger
 

[ QUOTE ]
LOL! I guess the old man got a little carried away...how about we "slow our roll" and get back on topic... https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

[/ QUOTE ]

I guess you could ban him, or just hide the keys on Ol Red. https://www.yenko.net/ubbthreads/imag...mlins/grin.gif

Re: GM/Chrysler Merger
 

I will take the banishment. https://www.yenko.net/ubbthreads/imag...ns/naughty.gif


I was not trying to be political, just making reference to how everything is about party lines first, what is best for the US second. Regardless of politcal party. Our leaders better put the interests of the US first or things may get even worse.


On another note, I would hate to be the one with the deciding vote whether to bail out the automakers or not. On one hand, I think management has done a piss poor job, and should be held accountable, not rewarded, but on the other hand, no bailout could mean a very harsh winter for many, many hard working Americans. I dunno... https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: GM/Chrysler Merger
 

I am under the impression that GM is asking for a LOAN, not a bailout. Huge difference there. A loan will be repaid.

Re: GM/Chrysler Merger
 

Its a bailout, they are bleeding money at an alarming rate, without the " loan-bailout " they will go under. Just another thing the goverment will take a stake in.

Re: GM/Chrysler Merger
 

It's our fault!! We wanted cheap goods. Between Jap cars,Walmart & China Products. We put ourselves where were at!! https://www.yenko.net/ubbthreads/imag...mlins/flag.gif "GOD HELP US" So far I can still say God help us,that too will CHANGE.

Re: GM/Chrysler Merger
 

So, maybe the US gov't should buy Honda & Toyota and give them to the big 3. They'd probably screw that up too https://www.yenko.net/ubbthreads/imag...s/rolleyes.gif

Re: GM/Chrysler Merger
 

[ QUOTE ]
It's our fault!! We wanted cheap goods. Between Jap cars,Walmart & China Products. We put ourselves where were at!! https://www.yenko.net/ubbthreads/imag...mlins/flag.gif "GOD HELP US" So far I can still say God help us,that too will CHANGE.

[/ QUOTE ]

Oh man, we go from politics to religion. Brother Howie, I believe there will always be a place for you in the choir, to sing the praises of your choice, but ya still can't smoke in the bar. Damn Commies. Don't let em floridate your water. https://www.yenko.net/ubbthreads/imag...mlins/grin.gif https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Re: GM/Chrysler Merger
 

Rick Wagonner, CEO of GM, said just 3 months or so ago that they were "in good shape" are you kidding me.? GM has NOT been in good shape for a long time. If the bailout lets them continue to operate as usual, $$ out the window in my eyes. I think you need to clean house on GM (Ford for that matter as well) management, to give the taxpayer some gratification that things are going to change there, it needs radical shakeup as it is a failed model on a lot of fronts. My .02

Re: GM/Chrysler Merger
 

HIPPY https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...ns/worship.gif

Re: GM/Chrysler Merger
 

[ QUOTE ]
I am under the impression that GM is asking for a LOAN, not a bailout. Huge difference there. A loan will be repaid.

[/ QUOTE ]

yeah, kinda like many of the foreign countries we have given "loans" to. https://www.yenko.net/ubbthreads/imag...s/rolleyes.gif

Re: GM/Chrysler Merger
 

[ QUOTE ]
"America" is about to "Change"........We will now be Penalized for "Success"........"And"..... Rewarded for "Failure" https://www.yenko.net/ubbthreads/images/graemlins/bs.gif.....Where's Superman when you need him???.......

Ken https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

[/ QUOTE ]I agree with you Ken but Capitalism at its best would only see about 50% employment in this country right now if they let everything just level out. With NAFTA, CAFTA, Wall Street, big oil and the sweat shops where most of our goods come from is helping to push us into Socialism. One world govt. and the 2000-3000 rich, powerful guys on the top of everything in the world, pulling the strings are loving it. Capitalism as we know it is https://www.yenko.net/ubbthreads/imag...lins/dunno.gif https://www.yenko.net/ubbthreads/images/graemlins/no.gif https://www.yenko.net/ubbthreads/images/graemlins/bs.gif But don't worry, China and Saudi Arabia are paying our bills. Thats why our soldiers are always over in the middle east....we owe them! Pretty soon our whole country is going to say "Welcome to WalMart." https://www.yenko.net/ubbthreads/imag...s/confused.gif https://www.yenko.net/ubbthreads/images/graemlins/no.gif JMO