Will GM really buy Chrysler?


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Posted by Will (in IL) on Monday, February 19, 2007 at 09:10:37 :

In Reply to: OT - Who wants to buy Chrysler? posted by Joe Cimoch on Sunday, February 18, 2007 at 09:08:04 :

reported Friday that DaimlerChrysler and GM were engaged in "high-level" talks. Dow Jones Newswires reported that the companies have "at least discussed the possibility of GM buying Chrysler."
While Chrysler and GM have been in talks to build a large SUV together, according to sources, a full-fledged combination of the companies would be fraught with challenges.
http://www.detnews.com/apps/pbcs.dll/article?AID=/20070217/AUTO01/702170378/1148

It's a damn shame we have to go foreign to get investment commitment to save these American jobs.
The news reports and DaimlerChrysler's announcement that all options are open for Chrysler, including an outright sale, boosted the company's market value by $10 billion over five days. Shares closed Friday at $73.33, up 15.2 percent since last Monday.

That means two things: First, the market's jubilation at a potential Chrysler spin-off increases the prospects that it could happen because, as critics gunning to jettison Chrysler likely will point out, "the market" says it should happen.
And, second, DaimlerChrysler's top executives and shareholders, most of whom are outside the United States, are much richer today than they were a week ago.
http://www.detnews.com/apps/pbcs.dll/article?AID=/20070219/AUTO02/702190345/1148/AUTO01



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