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Old 02-16-2007, 06:47 PM   #1
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GM looking to buy Chrysler

GM reportedly in talks to buy Chrysler Group - Feb. 16, 2007

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Reports: GM in talks to buy Chrysler Group
Sources say the No. 1 automaker may buy DaimlerChrysler's struggling auto unit, according to reports.
February 16 2007: 4:05 PM EST


NEW YORK (CNNMoney.com) -- General Motors is in talks to buy DaimlerChrysler AG's struggling Chrysler Group in its entirety, according to several reports.

According to the reports, sources in Germany and the United States said high-level talks between GM (down $0.14 to $36.30, Charts) and DaimlerChrysler (up $2.83 to $73.08, Charts) executives are taking place.

Chrysler, which has already announced plans to close plants like this one in Newark, Del., and cut 13,000 jobs, could be sold to rival General Motors, according to published reports.

Its German parent confirmed Wednesday it is looking at strategic options for the North American unit. When asked if those options included a sale or spin-off of the unit, DaimlerChrysler Chairman Dieter Zetsche responded "this means all options are on the table."

Chrysler Group announced Wednesday it would be cutting about 13,000 workers and closing plants over the next three years as a part of a restructuring plan aimed to restore profits by next year.

Talks of an alliance between GM and DaimlerChrysler was first reported recently in Germany's Manager-Magazin.
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Old 02-16-2007, 06:50 PM   #2
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Re: GM looking to buy Chrysler

so it'd be chevydaimlerchrysler?

Interesting...
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Old 02-16-2007, 09:47 PM   #3
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Re: GM looking to buy Chrysler

This seems to be the fad in auto news lately. Make all these different claims on who's buying who each week.
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Old 02-16-2007, 11:21 PM   #4
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Re: GM looking to buy Chrysler

I read it on one of my jeep sites earlier. I dunno how i feel about it. I dunno how true it is, and if it is, I will be a little upset.
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Old 02-17-2007, 12:21 AM   #5
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Re: GM looking to buy Chrysler

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Originally Posted by n8r View Post
I read it on one of my jeep sites earlier. I dunno how i feel about it. I dunno how true it is, and if it is, I will be a little upset.
lol a LS1 Jeep............ capible of offroading without breaking a sweat and running 13's to boot.
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Old 02-17-2007, 01:46 AM   #6
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Re: GM looking to buy Chrysler

A little common sense is needed here.

What's GM gonna pay with?

GM's broke.

It's a scam put out by someone with an agenda, what that agenda is I dunno, but contract renegotiations are coming up soon.

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Holy crap he's right.
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