 Chrysler/GM Deal By Election Day (November 4)? |
The Detroit Free Press is reporting on a consultant's report that there's a chance that a GM/Chrysler merger will be announced prior to the U.S. general election on Tuesday, November 4.
The report states that announcing the deal prior to election day and the scheduled December plant holidays will save gobs of cash as well as ease the pain (of the company, not the workers, of course) of integrating the two companies - and laying off thousands of employees.
In addition, the article goes on to say that seven core Chrysler vehicles would survive the merger - including the Jeep Wrangler and Grand Cherokee.
After Tuesday, Election Day, the Bush administration officially enters a lame-duck transition period for the next president, which could change the political dynamics. Also, Rodriguez said, the faster a deal happens, the faster the changes can be made at plants during shutdowns scheduled for December.
“I just think it gets more costly,” as time goes by, she said.
News of discussions between GM and Chrysler broke about three weeks ago. The Free Press has reported that obtaining adequate financing remains a barrier to a deal. With Tuesday just days away, Rodriguez said it’s more likely that the two companies will reach an agreement in principal, or a framework, rather than announce a completed deal.
Key findings of Grant Thornton’s report are as follows:
• Seven core models are likely to survive: Dodge Ram, Dodge Caravan, Chrysler Town & Country, Dodge Charger, Dodge Caliber, Jeep Wrangler and Jeep Grand Cherokee.
• Half of Chrysler's 14 existing manufacturing facilities could close.
Be sure to check out the entire article - it's a good summary of what could happen following a merger.
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| Poster | Thread |
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| GoNsnow | Posted: 2008/11/2 11:31 Updated: 2008/11/2 11:31 |
Not too shy to talk   Joined: 2005/12/15 From: NE Qe USA Posts: 27 |
 Re: Chrysler/GM Deal By Election Day (November 4)?Chrysler needs to re-read some pages from their own history and learn from their more recent past. They can save themselves and choose not to. Why?
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| xjken99 | Posted: 2008/10/31 19:47 Updated: 2008/10/31 19:47 |
Quite a regular   Joined: 2005/9/14 From: Posts: 58 |
Re: Chrysler/GM Deal By Election Day (November 4)? 7 core models!? What exactly does that mean? CDJ dealer remain open and sell just these seven models. Jeep goes from six models to two, while Chrysler has just one model which overlaps with one of the four Dodge models.
I am beginning to hope that Nissan makes an offer for the whole thing instead of GM destroying Chrysler. Chrysler got screwed when Eaton sold out to the Germans but GMs plan seems to be aiming to eliminate the whole thing. Remember when the new Chryslers tag line was "The next 100 years.". Douche bags! |
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| Ingela | Posted: 2008/10/31 12:43 Updated: 2008/10/31 12:43 |
Not too shy to talk Joined: 2007/12/12 From: Posts: 30 |
Re: Chrysler/GM Deal By Election Day (November 4)? No deal before elections, the Bush aministration say the dont want the us goverment directly involved with their bailout.
But who knows things change quickly. Chrysler is now open to offers from Nissan or anybody else. |
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| jeepxk | Posted: 2008/10/31 10:30 Updated: 2008/10/31 10:30 |
Just can't stay away  Joined: 2005/7/13 From: Peoria Posts: 148 |
Re: Chrysler/GM Deal By Election Day (November 4)? This is really sad news for Chrysler, Dodge and Jeep. I know they will keep some models but the company is all but done. Goodbye Patriot and Liberty. I know Chrysler brand has not had the best products lately but it will sure be sad to see them go away. I wonder in there list of possible makes to stay they meant Challenger instead of Charger? I also was suprised to see the Caliber on the list. I thought the Patriot was doing ok, actually better than the Dodge.
I wonder how quick they will close some of those plants? Would the 09 models be that last? I just hate to see them become part of GM. |
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