I don't think it happens, but if it does, I think you are correct in
thinking that it leads to a bankruptcy, but bankruptcy may be hard to avoid
anyway.
----- Original Message -----
From: "Dustin Williams" <dustinewilliams@gmail.com>
To: <dakota-truck@dakota-truck.net>
Sent: Sunday, October 12, 2008 3:59 PM
Subject: Re: DML: Re: Gm Chrysler Merger?
>
> My prediction is that the deal will happen which will push GM into
> bankruptcy and the treasury will use it's newly aquired powers to take
> it over. It will then be able to sell cars below cost and the EPA will
> make rules to further encourage people to buy cars from the
> government's auto maker. Then ford will collapse and it too will be
> consumed by the state. If this sounds far fetched just look at the
> hundreds of billions of dollars in government take overs in the
> financial sector over the last month.
>
>
>
> On 10/11/08, Tom Byrne <kerib@ptd.net> wrote:
>>
>> 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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>
>
>
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