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GM In Talks About Buying Chrysler Group

R

redvet

Guest
From Automotive News:

General Motors is in negotiations to buy the struggling Chrysler group in its entirety, say sources in Germany and the United States.
High-level talks are taking place between DaimlerChrysler AG and GM executives.
Although the two companies have discussed cooperation on a large SUV, say sources at both companies, the potential deal would go beyond limited product development alliances.
Talk of an alliance was first reported last week in Germany's Manager-Magazin.
GM spokesman Tony Cervone declined to comment on the speculation, saying, "We have always said that conversations (between GM and many other parties) have happened all the time, and many times they don't come to fruition."
A Chrysler spokesperson declined to comment. Other sources have reacted skeptically.
 
Joined
Feb 13, 2003
Messages
946
Location
San Jose, CA
Corvette
1972 LT-1/Air coupe w/all options
Yep. When the ship is going down it's always best to lash yourself to the anchor.
 

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