GM broke off talks with Chrysler a few days ago - its last quarter financial
results confirmed the fact GM has no money to spare to acquire other
companies. If the "merger" did go through, the new company would be called
General Motors Corporation. Let's face it. A merger it is not.
What would go? Chrysler and Dodge cars for starters. Neither has sales
greater than Buick or Pontiac. There is nothing there that GM needs as they
have the market all but covered with Saturn, Chevrolet, Pontiac, Buick and
Cadillac. They might keep some models of Dodge Truck, such as the Dakota
as it is in a market to itself. And of course they would keep the Caravan.
Naturally, Jeep would be kept. They might sell Mopar Parts to their parts
subsidiary.
After that, all unused Chrysler Corporation plants would be sold and the
Chrysler complex in Auburn Hills would have a "For Sale" sign placed across
the pentastar on the top storey of the admin building. You would see
hundreds of dealers lose their franchises as they would be offering vehicles
no longer built.
The bottom line of GM acquiring Chrysler? Thousands of people unemployed,
dozens of factories closed and hundreds of Chrysler suppliers with no work.
Which would result in more unemployed and empty factories.
And that, I suspect, is why the U.S. federal government turned down any cash
for GM to acquire Chrysler. The economic ramifications would negate the
purpose of the government money in the first place.
Bill
Vancouver, BC
----- Original Message -----
From: Anthony C. Boatman
To: L-FORWARDLOOK@xxxxxxxxxxxxx
Sent: Tuesday, November 11, 2008 12:10 PM
Subject: Re: [FWDLK] Very quiet out there!
Happily and gratifyingly shocked in this household. But there hasn't been
much activity.
One question: what are the thoughts out there about the possible merger of
Chrysler and GM? What would the new company be called? Which car brands
would be the first to disappear from the new corporate line-up? I'm
thinking Pontiac would be the first to go as GM's weakest sales division,
followed by the Dodge Truck line from Chrysler. Any other theories?
Tony Boatman
Boise, Idaho
57 Dodge CRL
65 Corvair Monza
From: Forward Look Mopar Discussion List
[mailto:L-FORWARDLOOK@xxxxxxxxxxxxx] On Behalf Of a57fury@xxxxxxx
Sent: Tuesday, November 11, 2008 12:55 PM
To: L-FORWARDLOOK@xxxxxxxxxxxxx
Subject: [FWDLK] Very quiet out there!
Hey, where is everyone? The list has been super quiet the past week.
What's happening? Everyone still in shock over the election or am I not on
the receiving end of list mail anymore?
John Paxos
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