Re: One plan: Chrysler may absorb GM


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Posted by MoparNorm on Thursday, October 16, 2008 at 09:16:51 :

In Reply to: One plan: GM may absorb Chrysler posted by Will (in IL) on Thursday, October 16, 2008 at 08:32:51 :

Hi Will,
The info I posted, is what I've heard from Chrysler, the talks are over. What you're quoting, that's all reporter speculation. The info I gave you came straight from the Chrysler Advisory Board.
Cerberus and Chrysler are approached all of the time with offers and deals. Some make sense, some do not.
At the moment Cerberus is working on buying out Daimler's 19% interest in Chrysler LLC. That has not happened yet and will be the FIRST step before anything else happens.



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