01-13-2009, 10:58 PM | #1 |
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The latest merger rumors for Chrysler
This has been a strange week for news-flow regarding Chrysler:
First we have some good news with the launching of the Chrysler 200C Concept Car and Nardelli is quoted in the press saying that Chrysler doesn't need to do a merger. Then we get headlines stating that Chrysler needs another $3 Billion from the Treasury and they feel that GMAC has an unfair advantage, so they want help for CFC too. Then we get Senator Corker telling the press that Chrysler can't survive without a merger. Then we learn that Wolfgang Bernhard has been hired on by Magna. Finally the news breaks that Nissan's looking at the Jeep Division, Magna wants the assembly plant in Belvidere and Cerberus is looking at selling the PT Cruiser and the assembly plant to a Chinese company for $100 Million. Who knows what will happen next? Here's a link to the news report: http://www.reuters.com/article/wtMos...BrandChannel=0 |
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