# GM and Chrysler 'in merger talks'

**URL:** <https://forums.speedlife.net/t/gm-and-chrysler-in-merger-talks/239478>\
**Category:** Shift518 Automotive\
**Created:** [October 11, 2008, 7:12am UTC](https://forums.speedlife.net/t/gm-and-chrysler-in-merger-talks/239478 "2008-10-11T07:12:54Z")\
**Posts on this page:** 5\
**Page:** 1

<div class="post-metadata">

**Author:** ![Mafdark](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mafdark/32/6322_2.png) [@Mafdark](https://forums.speedlife.net/u/Mafdark)\
**Post date:** [October 11, 2008, 7:12am UTC](https://forums.speedlife.net/t/gm-and-chrysler-in-merger-talks/239478/1 "2008-10-11T07:12:54Z")

</div>

:wow

> US car giants General Motors and Chrysler are in talks about a possible merger, US media say.

> Reports say the talks have been going on for a month but details of the deal vary from a merger to an acquisition by GM of Chrysler.

> GM is the leading manufacturer and Chrysler third after Ford. All have been suffering with a plunge in US sales to 15-year lows.

> Neither of the parties have made any direct official comment.

> Ford move

> Sources told the Wall Street Journal that Cerberus Capital Management, which owns 80.1% of Chrysler had proposed trading its automotive operations to GM in return for GM’s stake in the auto lender GMAC Financial Services.

> The New York Times’s sources spoke of a merger that was a “50-50” possibility, although it could take weeks to finalise and had been stalled by the turmoil in the financial markets.

> GM spokesman Tony Cervone said: “Without referencing this specific rumour, as we’ve often said, GM officials routinely discuss issues of mutual interest with other automakers.”

> Analysts have questioned Chrysler’s position, given its reliance on North America for 90% of its revenue.

> Both companies have been hard hit by falling truck and SUV sales and are struggling to push through job cuts against union opposition.

> GM shares hit a 60-year low this week. It posted a second-quarter net loss of $15.5bn.

> _Separately, Reuters reports that Ford is planning to sell most of its 33.4% holding in Japan’s Mazda._

---

<div class="post-metadata">

**Author:** ![PJB](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/pjb/32/6389_2.png) [@PJB](https://forums.speedlife.net/u/PJB)\
**Post date:** [October 11, 2008, 7:24am UTC](https://forums.speedlife.net/t/gm-and-chrysler-in-merger-talks/239478/2 "2008-10-11T07:24:55Z")

</div>

Hasnt anybody learned that buying Chrysler is a big mistake?

---

<div class="post-metadata">

**Author:** ![K20power](https://avatars.discourse-cdn.com/v4/letter/k/41988e/32.png) [@K20power](https://forums.speedlife.net/u/K20power)\
**Post date:** [October 11, 2008, 8:44am UTC](https://forums.speedlife.net/t/gm-and-chrysler-in-merger-talks/239478/3 "2008-10-11T08:44:19Z")

</div>

:idiots :umm

---

<div class="post-metadata">

**Author:** ![RocketPunch](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rocketpunch/32/6429_2.png) [@RocketPunch](https://forums.speedlife.net/u/RocketPunch)\
**Post date:** [October 11, 2008, 12:19pm UTC](https://forums.speedlife.net/t/gm-and-chrysler-in-merger-talks/239478/4 "2008-10-11T12:19:30Z")

</div>

[http://finance.google.com/finance?client=ob&q=NYSE:GM](http://finance.google.com/finance?client=ob&q=NYSE:GM)

still room to drop…lol.

---

<div class="post-metadata">

**Author:** ![K20power](https://avatars.discourse-cdn.com/v4/letter/k/41988e/32.png) [@K20power](https://forums.speedlife.net/u/K20power)\
**Post date:** [October 11, 2008, 12:41pm UTC](https://forums.speedlife.net/t/gm-and-chrysler-in-merger-talks/239478/5 "2008-10-11T12:41:05Z")

</div>

> [@RocketPunch](#):
>
> [http://finance.google.com/finance?client=ob&q=NYSE:GM](http://finance.google.com/finance?client=ob&q=NYSE:GM)
> 
> still room to drop…lol.

wow lol