Cerberus Sets It Sights Now On GMAC and GM. Could The Big Three Become Only Two?

merge. share rwd platforms. produce modern muscle cars THAT COMPETE WITH EACH OTHER.

— 1995e34 (View Profile)

Posted on 10/13/2008 4:34:07 PM | reply to this comment | Votes: 1   

is it me or it looks like Ford's chances of surviving look a million times better than GM and especially Chrysler. If this merger happens we will be looking at the BIG 1 then because that would be the worse decision ever!!

— jt716 (View Profile)

Posted on 10/13/2008 8:40:55 PM | reply to this comment | Votes: 1   

really?

The Germans look headed in the same general direction.

This article was too real for autospies so that's probably why they rejected it.
http://www.time.com/time/world/article/0,8599,1849410,00.html

Gotta love these lines.
"BMW is also struggling with the downturn, especially the massive decline in car leasing contracts in the U.S."

"In the coming years, German car makers are likely to move more production out of the country and closer to their customers in Russia, the U.S. and Asia. Assuming, that is, that they still have a growing customer base in those places."

— huu76 (View Profile)

Posted on 10/14/2008 12:10:21 AM | reply to this comment | Votes: 1   

jt,
If the US gov't really cared (Clinton opened the door so Bush could keep it open) they'd basically restrict auto-sales in the US unless competitors at minimum built cars here.

Japan would be forced to allow more US cars into their market (whether they actually sell is another issue), ditto with Korea. China would have to build here before they're allowed to start dumping cars in the US market.
Lastly, the Germans would be forced to move more production into the US.

That's not likely to happen any time soon though unless more of these big companies go bust.

— huu76 (View Profile)

Posted on 10/14/2008 12:14:05 AM | reply to this comment | Votes: 1   

My totally uninformed opinion is, Cerberus has found itself in the snake pit that is the auto industry. Now feeling pinched, hard, they are looking for a little help. Currently GM is feeling a very nasty financial pinch of its own. So, GM having the "know how" (argue all you want about that) of the auto biz, Cerberus has money and financial know how, to me it makes a little sense. GM would, if possible, kill Chrysler as a whole. Frankly not many, other than employees would miss it. End result Cerberus is the financial arm and GM kills all except Jeep. Why would you need Hummer when you already own the nations oldest and most respected off road brand.

Oh I almost forgot this. Could it be possible, thru bankruptcy court, to shed unwanted dealers? This is the big unknown to my little theory.

— schinbone (View Profile)

Posted on 10/14/2008 11:48:49 AM | reply to this comment | Votes: 2   

Chrysler needs to quit it already...and when i say that, i mean specifically CHRYSLER cars (sebring etc.)...they make ugly cars, i mean i can't really describe it another way...everytime i see a new sebring on the road...from the back the first thing that becomes visible is the gas tank. I can see that crap like 300 feet away! Come on now, one bad scrape on a speed bump and yeh you can imagine. Cerberus, make it easy on yourself, and spare people one more brand of trashy cars.

— umik (View Profile)

Posted on 10/15/2008 3:35:01 AM | reply to this comment | Votes: 1   

chrysler? hahahahaha

anyway...why would a decent company like GM merge with (now crap) chrysler?

— lexusrox123 (View Profile)

Posted on 10/15/2008 8:57:37 AM | reply to this comment | Votes: 1   

Agent009,
That was a lame excuse. The article mentions overall German exports dropping 2.5% last month with the auto-industry worst hit.

Everything else talks about trending forward and what action is necessary to alleviate the current downturn. I think it just had too many negative facts about the current status of German automobiles which is evident in their continual move down market.

Now we know the results of BMW giving their cars away, a predicted overall 20,000 jobcut for 2009. Contrast that with Toyota holding onto employees becuase they know the market will turn around eventually. The difference between East and West, East thinks longterm.

I just heard Chrysler is being spit up or something by GM and Renault. I assume Renault gets truck divisions and GM gets small cars.

— huu76 (View Profile)

Posted on 10/17/2008 12:32:03 AM | reply to this comment | Votes: 1   

*20,000 job cuts for the German automakers, not just BMW.

— huu76 (View Profile)

Posted on 10/17/2008 12:33:23 AM | reply to this comment | Votes: 1   

Ok GM buys Chrysler.. Jeep and Hummer merge into one.
The H3 is more inline with Jeep than the SUV's they make now.
Take Dodge and keep its Mini-van, GM could use this one. Dodge trucks could be sold off to one of the bigger truck companys.. Umm scap everythign else...
But really what else is there to Chrysler. Of course the is the 300.. but its like over now.. The Viper.. don't need it and its in need of replacement soon..
Sad really, but really can't see why GM would want this company... other than Jeep and the Mini Van.

— austintyson (View Profile)

Posted on 10/17/2008 7:08:33 AM | reply to this comment | Votes: 1   

chrysler has been on the ropes several times in the past. the difference now is that they are owned by MONEY guys and they dont care about anything else except profit. chrysler has NOTHING worth buying with their brand name on it and if it werent for jeep they could easily disappear without a trace. aside from the poverty level only neon and the ram when was the last time you say an old chrysler? they dont last more than the time on the warranty. and minivans are basically invisible since everyone hates them and turns away when they see them on the road. RIP chrysler. ford, youre next if you dont fire j mays and bring over the good cars from europe.

— OneOfOne (View Profile)

Posted on 10/18/2008 3:44:53 PM | reply to this comment | Votes: 1