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Old 02-16-2007, 01:26 PM   #1
NYCshopper
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Default Report: GM in talks to buy Chrysler

Report: GM in talks to buy Chrysler

http://www.msnbc.msn.com/id/17186447/

Quote:
Trade publication cites sources in Germany, U.S.

DETROIT - General Motors Corp. is in talks to buy the Chrysler Group in its entirety, Automotive News reported Friday, citing unnamed sources in Germany and the United States.

The automotive trade publication reported on its Web site that high-level talks were talking place between GM and Chrysler Group parent DaimlerChrysler AG.

The potential deal between the two automakers could go beyond cooperation on joint development of a large sport utility vehicle, the magazine said.

A General Motors Corp. spokesman said the company routinely has discussions with other automakers but declined to comment on the Automotive News report.

"We often have discussions with automakers routinely. We don't comment on speculation regarding discussions," GM spokesman Tony Cervone said.

Meanwhile, various newspapers reported earlier Friday that Chrysler and GM have held discussions for about six months about a possible alliance related to large sport utility vehicles.

The Wall Street Journal, citing people familiar with the matter that it didn’t name, said the automakers had preliminary discussions to jointly develop a large SUV such as the Chevrolet Suburban, which Chrysler doesn’t have in its lineup.

The New York Times, citing people with direct knowledge of the talks that it didn’t name, said the companies are holding discussions about a project that would provide Chrysler with a version of the Chevrolet Tahoe large SUV.

GM and Chrysler also are looking at sharing small cars developed by GM Daewoo Auto & Technology, a unit of GM in South Korea that builds the Chevrolet Aveo compact car for GM, the Journal reported.

The automakers declined to comment on reports of these talks.

Chrysler already has alliances with GM, including one to develop gasoline-electric hybrid engine technology.

Last year, GM was in talks with Nissan Motor Co. and Renault SA on creating an automaking alliance, but those were called off in October. Those talks have nothing to do with the Chrysler talks, the Times reported.

DaimlerChrysler said Wednesday in announcing Chrysler’s restructuring that it was exploring all options for Chrysler, including strategic partners. DaimlerChrysler Chairman Dieter Zetsche would not rule out selling the troubled U.S. operation.

On Thursday, Chrysler Chief Executive Tom LaSorda told the Journal in an interview that he hopes uncertainty about whether Chrysler will remain part of the German automaker is resolved “sooner rather than later.”

As part of the restructuring, Chrysler plans to eliminate 13,000 positions, including 11,000 production jobs and 2,000 white-collar posts, as it seeks to cut costs and return to profitability in 2008.
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Old 02-16-2007, 02:45 PM   #2
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Yes! Because what GM needs is more brands.

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Old 02-16-2007, 02:52 PM   #3
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Yes! Because what GM needs is more brands.

Oh my...
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Old 02-16-2007, 03:08 PM   #4
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http://www.leftlanenews.com/2007/02/...uire-chrysler/

Does this mean that hell's about to freeze over?
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Old 02-16-2007, 03:17 PM   #5
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Well, I suppose that's one way to stay ahead of Toyota. Watch them buy Ford when Toyota catches up again.
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Old 02-16-2007, 03:27 PM   #6
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GM buying Chrysler is like trying to save the Titanic with the Hindenburg.
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Old 02-16-2007, 03:29 PM   #7
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So, company A (which is losing tons of money) wants to buy the part of company B that loses money.

I would love to see how a group of banks would agree to finance this deal.
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Old 02-16-2007, 04:03 PM   #8
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I have to be honest... I didn't see this coming... I thought Ford would cave in before there was any merge.
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Old 02-16-2007, 04:12 PM   #9
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Quote:
Originally Posted by NYCshopper View Post
Report: GM in talks to buy Chrysler

http://www.msnbc.msn.com/id/17186447/

"We often have discussions with automakers routinely. We don't comment on speculation regarding discussions," GM spokesman Tony Cervone said.
If that's the best statement your spokesman can come up with, then GM is sure in trouble. Wait a sec...Oh yeah they already are in trouble. Nevermind
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Old 02-16-2007, 06:02 PM   #10
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This makes NO sense for GM. They are still in trouble, but in all honesty they seem to be fixing their problems and coming out with GOOD new products... WHY gum up the works and divert important funds by buying up Chrysler?? THey don't need the factory capacity (unlike Toyota or some other automakers). Chrysler doesn't have a specific super-hot model or brand or technology that would help GM. To put that much money into a company, there really has to be a pay-back, and I honestly can't say I see anything that Chrysler has that GM wants.
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Old 02-16-2007, 06:06 PM   #11
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Quote:
Originally Posted by athakur999 View Post
GM buying Chrysler is like trying to save the Titanic with the Hindenburg.

FTW!!
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Old 02-16-2007, 07:55 PM   #12
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Originally Posted by athakur999 View Post
GM buying Chrysler is like trying to save the Titanic with the Hindenburg.
...or like rearranging the deck chairs on the Titanic.
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Old 02-16-2007, 08:13 PM   #13
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According to "insiders", GM is mainly interested in:
1. Chrysler's minivan product line
2. Hemi engine technology and branding
3. Replacing Buick brand with Chrysler
4. Rebadging GM SUVs as Dodge/Chrysler products
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Old 02-16-2007, 10:11 PM   #14
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funny i thought GM stopped making minivans..
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Old 02-16-2007, 10:44 PM   #15
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Quote:
Originally Posted by Kookaburra View Post
According to "insiders", GM is mainly interested in:
1. Chrysler's minivan product line
2. Hemi engine technology and branding
3. Replacing Buick brand with Chrysler
4. Rebadging GM SUVs as Dodge/Chrysler products
This list deserves no less than Guinness BRILLIANT!!
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Old 02-16-2007, 11:07 PM   #16
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Quote:
Originally Posted by Kookaburra View Post
According to "insiders", GM is mainly interested in:
1. Chrysler's minivan product line - why buy an entire company when you can build your own?... the reason that GM minivans have sucked from day one is because they never took them seriously and never was willing to fully fund a serious attempt at being tops in the minivan game. But droping the $ on R&D would be way the hell cheaper than buying a whole damn company.

2. Hemi engine technology and branding - not a bad engine, but in no way is it a leading-edge engine that blows away everything else in it's class. I would say that the Vette's engine is better than the HEMI, and they seem to be used on similiar cars.

3. Replacing Buick brand with Chrysler - that's just silly talk.

4. Rebadging GM SUVs as Dodge/Chrysler products - GM already has an entire division just for trucks - GMC - the last thing they need to do it start badge-engineering all over again
......
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Old 02-17-2007, 12:45 AM   #17
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And don't forget the Jeep name...

Jeep has the most loyal customer base of any car company in the US. They do not sell a ton of cars each year, but people keep coming back.

In fact, many people call all SUV's by the name Jeep... as if they were completely synonomous.

I do not see this as a good idea for either Chrysler or GM... I think the firt thing GM needs to do is destroy half of their "names"... Toyota makes Toyota... all their vehicles are Toyota. They have 1 "luxury" division with top rated vehicles, and now 1 economy division that is sold right along side the other Toyotas. From poor to wealthy people own Toyotas. GM has 4 million different divisions that in the past each held their own stigma from the sporty, to the luxury, to the economy, to the edgy, etc etc... now, each of their cars look the same, are the same, and well... in the end it just monotonous (sp?)

Hazdaz... The Chrysler Minivan line holds the siggle largest market share for minivans... Also, they are the only American made minivans left in the market. GM and Ford failes severely over the years with minivan sales. Also, the new innovations for 2008 on the minivans should even increase market share once again over the Japanese built models.

The Hemi engine line is a solid one. It is one of the single best rated engines out there. Honestly, it's only problem currently is the fact that it is now assembled in Mexico...

Oh well... we shall see what happens...
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Old 02-17-2007, 09:07 AM   #18
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Originally Posted by BigJ04STi View Post
The Hemi engine line is a solid one. It is one of the single best rated engines out there. Honestly, it's only problem currently is the fact that it is now assembled in Mexico...
Actually, it has emissions problems too. It's barely making the cut now on NOx and hydrocarbons. And because of it's mediocre gas mileage, they'll have a very tough time keeping under the CO2 emissions caps that several states, provinces, and Canada as a whole are working on adopting.
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Old 02-17-2007, 10:49 AM   #19
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I just don't know if this is wise merger. The human toll would be horrible as well...the jobs lost would be one of the biggest layoffs in history.
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Old 02-17-2007, 10:51 AM   #20
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It seems like GM is trying to fix all other problems other than the main issue that has been the black plague in the company and that is quality control. GM is terrible at it and over time, people learned this fact and an image was developed. Anybody you ask about GM cars, it's always the same old story. So, no matter how many companies you buy, no matter how many discounts you issue, you still have the same problem. GM really needs to address the engineering issues it has, not manufacturing. Manufacturing was never the problem and Toyota or Honda are proof of that. GM needs to go back to drawing boards and fundamentally alter how they have been designing the cars. It sucks because that's expensive but it's either pay me now or pay me later. Buying Chrysler is marginally useful since people tend to follow brands. Once Chrystler is GM, there go the sales.

Also, I truly believe GM is in trouble partly due to the fact that the company flooded the market with new cars by issuing these wonderful no payments for 1 year deals. People jump on the deals, GM sold lots of cars fast but after a year, you have tons of cars that are worth much less and people still owe a ton on. It's a ripple effect. People bail, prices drop and new car market takes a hit 1.5 years later. Mitsu did this few years back and it almost sunk the auto division. It's bad business. It's almost equivalent to printing more money to get money. It's instant gratification but you end up porking yourself in the end. IMHO, GM business model is terrible and they're suffering because of it. Time to learn from someone who seems to know the right formula....Subaru!!! Just kidding....more like Toyota.
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Old 02-17-2007, 11:15 AM   #21
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These guys don't really get it do they?

I am waiting for it all to come to a screeching hault...

...
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Old 02-17-2007, 03:24 PM   #22
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Quote:
Originally Posted by Ziggyrama View Post
It seems like GM is trying to fix all other problems other than the main issue that has been the black plague in the company and that is quality control. GM is terrible at it and over time, people learned this fact and an image was developed. Anybody you ask about GM cars, it's always the same old story. So, no matter how many companies you buy, no matter how many discounts you issue, you still have the same problem.
Actually isn't Ford even worse in terms of public quality production? Hence the "Found On Road Dead" and other such phrases?

But you are right, for too long the bean counters have had too much say (why use 4 bolts when you can use 3?). GM (and Ford) has to put its foot down and ensure that they are churning out quality products; and products that people want to buy.
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Old 02-19-2007, 08:43 AM   #23
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Actually isn't Ford even worse in terms of public quality production? Hence the "Found On Road Dead" and other such phrases?
Ford gets the majority of those because it's a 4 letter word. Trying to come up with good acronyms for Chevrolet, Pontiac and Oldsmobile is tough... although sometimes true inspiration is granted:

Chrysler: Company Has Recommended You Start Learning Engine Repair!

of course.. if you're going to put any stock into those ridiculous phrases.. you're on the wrong board:

Subaru: Screwed Up Beyond All Repair Usually
---

According to Consumer Reports, Ford has a fairly decent reliability record (for instance, the Fusion has been reported as reliable as the Camry & Accord), where Chevrolet has several cars on the 'worst reliability list' (Cobalt is rated least reliable small car)... As always YMMV. My mileage? Over 200,000 miles on my Escort.. and much less trouble-free than any of our 2.5L Subarus.
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Old 02-19-2007, 05:06 PM   #24
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A "Hemi" (branded) engine in a Chevy would cause wrists to be slit all accross the US.
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Old 02-19-2007, 06:52 PM   #25
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Quote:
Originally Posted by Beaverboy View Post
Ford gets the majority of those because it's a 4 letter word. Trying to come up with good acronyms for Chevrolet, Pontiac and Oldsmobile is tough... although sometimes true inspiration is granted:

Chrysler: Company Has Recommended You Start Learning Engine Repair!

of course.. if you're going to put any stock into those ridiculous phrases.. you're on the wrong board:

Subaru: Screwed Up Beyond All Repair Usually
---

According to Consumer Reports, Ford has a fairly decent reliability record (for instance, the Fusion has been reported as reliable as the Camry & Accord), where Chevrolet has several cars on the 'worst reliability list' (Cobalt is rated least reliable small car)... As always YMMV. My mileage? Over 200,000 miles on my Escort.. and much less trouble-free than any of our 2.5L Subarus.
There is one for Pontiac, but it doesn't deserve to be propagated.

Frankly, if true (GM considering buying Chrysler), I'm willing to bet that some of it is driven by sheer egoism; "no way we can let Toyota be the largest car manufacturer in the world! We already let them race in NASCAR, no fair!"

While I'm not privy to inside information at either company, it doesn't take anybody with a particular level of intelligence to know that it doesn't make sense. The utter stupidity at the very top levels of management causes one to wonder how they got there in the first place, in the majority of cases.
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