It seems the Chyslers parent in Germany is not to happy about how
things are going with US based auto unit and is in serious talks with
GM about a buyout. Current price tag is around 5 billion but many are
not sure GM can afford it at this time because th3ey are in hard times
More rubbish. Daimler bought Chrysler for $40billion, so you think that
after losing $1.47Billion, DC would sustain a further loss of $35billion???
If GM buys, it'll be at a much higher price. But I wouldn't bet on DC
selling until they find a viable option to make some cash out of the deal.
Join www.devilbrad.com and find out what free exchange of info is all about.
It's called cutting lossesand while I agree that they are not going to want
to give it away, they will sell at a substantial discount since they got
what they wanted out of the deal. BTS, I guess this settles out discussion
about merger of equals vs takeover.
Any amount of money is better than just shutting it down and taking a total
loss or keeping it operating at a loss. If they would build some desirable
vehicles for a change this would not be happening.
If at first you don't succeed, you're not cut out for skydiving
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