GM is on the verge of Ch. XI. The market won't like this deal and will
selloff GM shares and bonds pushing it into bankruptcy. I doubt the deal is
completed.
----- Original Message -----
From: "Ray Irons" <rayirons@sbcglobal.net>
To: <dakota-truck@dakota-truck.net>
Sent: Saturday, October 11, 2008 1:26 PM
Subject: Re: DML: Re: Gm Chrysler Merger?
>
> I don't know about that. From what I read in a snippet from the Wall
> Street Journal, Cerberus; which owns a little over 80% of Chrysler and 51%
> of GMAC, proposed trading Chrysler's automotive operations to GM in
> exchange for GM's remaining 49 percent stake in GMAC. This could be very
> attractive to GM as it would allow itself to shed the currently risky
> mortgage portion of its business while at the same time acquiring more
> manufacturing or eliminating a competiter. WSJ Sources also state that
> while the talks are currently stalled due to the financial crisis, they
> could resume once the markets settle down. They gone on to say the chances
> of a merger are about 50-50.
>
> My personal opinion is either way it sounds bad to me. GM wants to own
> Chrysler for whatever reason and Cerebus wants to dump it after just
> buying it from Daimler a little over a year ago.
>
>
> --- On Sat, 10/11/08, Tom Byrne <kerib@ptd.net> wrote:
>
>> From: Tom Byrne <kerib@ptd.net>
>> Subject: DML: Re: Gm Chrysler Merger?
>> To: dakota-truck@dakota-truck.net
>> Date: Saturday, October 11, 2008, 12:31 PM
>> Old news. The talks already ended and have gone nowhere. It
>> really does not
>> make sense for GM. It needs fewer brands, not more.
>> ----- Original Message -----
>> From: "DAKSY" <rsmith13@nycap.rr.com>
>> To: "Dakota Mailing List"
>> <dakota-truck@dakota-truck.net>
>> Sent: Saturday, October 11, 2008 7:10 AM
>> Subject: DML: Gm Chrysler Merger?
>>
>>
>> >
>> > From today's NY Times:
>> >
>> >
>> http://www.nytimes.com/2008/10/11/business/11auto.html?_r=1&th=&adxnnl=1&oref=slogin&emc=th&adxnnlx=1223723313-YHKzoRfSrr2RdsqAI0gmdQ
>> >
>> > Bob (DAKSY) Smith
>> > DAKSY2K on AIM
>> > 2K SY Dakota Sport +
>> > V-6 4 x 4 5 speed
>> > 2K08 HD Softail CrossBones
>> > Satin Black (Not Yellow)
>> > http://home.nycap.rr.com/daksy/
>> > Averill Park, NY
>> >
>> >
>
>
>
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