Thread: GM and Chrysler
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Unread 21-10-2008, 13:31
Andrew Schreiber Andrew Schreiber is offline
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Re: GM and Chrysler
Tom is correct, Chrysler is sitting on 11 billion in cash and GM is burning through cash at (according to several news sources) about 1 billion a month. A while back a GM+Ford Merger was rumored for this same reason. But from the sounds of it this isn't so much a merger as it is a trade. Cerberus takes GMAC and GM gets Chrysler's brands and the cash it needs to run for another year. Without some sort of cash infusion GM will most likely be out of cash and be unable to pay payroll. I hope this can go through because nothing would signal the utter collapse of America like seeing GM die.

And Erich, hitting a moving target would of been the same as hitting a target while moving, and we did that ^_^.

EDIT::
Tom, I recall hearing that the reason Ford has money in the bank is because of selling off brands like you think GM would do. Is my mind just making stuff up?
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Last edited by Andrew Schreiber : 21-10-2008 at 13:38.
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