GM in talks to buy Chrysler (Jeep)

[90Xjay]

Reports: GM in talks to buy Chrysler Group
Sources say the No. 1 automaker may buy DaimlerChrysler's struggling auto unit, according to reports.
February 16 2007: 4:05 PM EST

NEW YORK (CNNMoney.com) -- General Motors is in talks to buy DaimlerChrysler AG's struggling Chrysler Group in its entirety, according to several reports.

According to the reports, sources in Germany and the United States said high-level talks between GM (down $0.14 to $36.30, Charts) and DaimlerChrysler (up $2.83 to $73.08, Charts) executives are taking place.
Chrysler, which has already announced plans to close plants like this one in Newark, Del., and cut 13,000 jobs, could be sold to rival General Motors, according to published reports.
Chrysler, which has already announced plans to close plants like this one in Newark, Del., and cut 13,000 jobs, could be sold to rival General Motors, according to published reports.
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CNN's Ali Velshi has details of Daimler Chrysler's restructuring plan. (February 14)


Its German parent confirmed Wednesday it is looking at strategic options for the North American unit. When asked if those options included a sale or spin-off of the unit, DaimlerChrysler Chairman Dieter Zetsche responded "this means all options are on the table."

Chrysler Group announced Wednesday it would be cutting about 13,000 workers and closing plants over the next three years as a part of a restructuring plan aimed to restore profits by next year.

Talks of an alliance between GM and DaimlerChrysler was first reported recently in Germany's Manager-Magazin.

 

[currupt4130]

Maybe we'll finally get a 350 and 14bolts standard in a Wrangler.

 

[90Xjay]

Maybe we'll finally get a 350 and 14bolts standard in a Wrangler.

I know, Its got to be better than "Dr Z" and his German engineering crap.

 

[OutOfStep]

I dunno, the last GM I had was so ridiculously crappy that I swore off the brand for life

 

[Laph]

LOL I just read this and was hurring here to post the story http://news.yahoo.com/s/nm/20070216/bs_nm/chryslergroup_gm_dc but looks like I am way to late

 

[Green97TJ]

Not to mention that (IMO) everything GM turns out anymore is UGLY! cant imagine what would happen if they got their hands on Jeep

 

[TwistedCU]

...and you think the new JK Wranglers look like little Hummers now... just wait 'till GM actually owns them :roll:

 

[90Xjay]

I dunno, the last GM I had was so ridiculously crappy that I swore off the brand for life

come back in, the waters fine.

 

[90Xjay]

Not to mention that (IMO) everything GM turns out anymore is UGLY! cant imagine what would happen if they got their hands on Jeep

Everything? Everything? Thats mighty bold talk for a one-eyed fat man, Rooster!:lol: :lol: :lol:

Z06 Corvette, ugly?

The New Camaro(will likely be produced), ugly?

Trailblazer SS, ugly?

Saturn Sky, ugly?

Cadillac XLR, ugly?

Aztec, OK I'll give you that one.

 

[mingez]

Everything? Everything? Thats mighty bold talk for a one-eyed fat man, Rooster!:lol: :lol: :lol:

Z06 Corvette, ugly?

The New Camaro(will likely be produced), ugly?

Trailblazer SS, ugly?

Saturn Sky, ugly?

Cadillac XLR, ugly?

Aztec, OK I'll give you that one.

Yes. Ugly...all of them. The first roadster is okay. The Corvette isn't ugly but pretty boring considering what they could have done.

 

[Sparky-Watts]

The Camaro looks like a new body style Mustang. Ugh. And the Trailblazer? Double Ugh!

 

[90Xjay]

I'll get GM to get you guys on the design team:roll:

:lol: :lol: :lol: :lol:

 

[Utah_jeepster]

It's not like we need race tuned suspension here. What most of us here look for is off-road capabilities.
When the Blazer first came out it was a very capable machine, but now? IFS with a heavy 4.3L bolted to a very weak trans...
In the off-road market the GM group just doesn't compete, shoot it has taken them over 10 years to even try to enter any of the off-road races. (Hummer H3 in the Dakar)
Now in sports car class the GM group has always had the Vette and the Camaro, the Saturn and the Caddie are late comers riding the shirt tails of "retro muscle car" wave.

We have all gone through buy outs already (DC). If it happens things might look up for our beloved Jeeps, if not then our consumer dollars will tell the higher ups that they "F" up the jeep and they will try again to get it right.
Look at the Rubicon...DC did a good job producing that Jeep.

 

[OutOfStep]

come back in, the waters fine.

I wish I could but nope, no way, I'll finally finish paying monetarily for the GM mistake in early 2009; the only way I'll ever own another GM is if they start giving them away.

I had never even owned anything but a GM nor wanted to, and they burned me. After I ditched the Jimmy we bought DC and Ford and neither has had a spec of trouble. I even had a CJ5 that had rolled off a cliff and was so badly warped we cut the spring perches off and welded new ones to the frame where they "wanted" to go, it's pretty bad when a new vehicle is less reliable than a 20 year old vehicle thats rolled down a cliff and is generally unsafe at any speed.

If I were a rich man I would have given that truck a viking funeral and then dumped its molten tangled carcass on GM's front lawn :lol:

 

[OutOfStep]

I'm actually sweating just thinking about that truck :lol:

 

[90Xjay]

I wish I could but nope, no way, I'll finally finish paying monetarily for the GM mistake in early 2009; the only way I'll ever own another GM is if they start giving them away.

I had never even owned anything but a GM nor wanted to, and they burned me. After I ditched the Jimmy we bought DC and Ford and neither has had a spec of trouble. I even had a CJ5 that had rolled off a cliff and was so badly warped we cut the spring perches off and welded new ones to the frame where they "wanted" to go, it's pretty bad when a new vehicle is less reliable than a 20 year old vehicle thats rolled down a cliff and is generally unsafe at any speed.

If I were a rich man I would have given that truck a viking funeral and then dumped its molten tangled carcass on GM's front lawn :lol:

I'd get rid of it now and trade it off. Even if you are upside down on the note, just get it traded off or sell it outright. I wouldn't put myself through it sounds like what you've been though over a vehicle.

 

[OutOfStep]

We did 3 years ago, they could not fix it so we had no other option. We were upside down 6K and had spent 7K on repairs and rental cars through the ordeal, the 6K went on the loan for the Ford and the 7K languished on a credit card. So I guess if you look at it as the first 6K that gets paid off on the new loan it's gone already, but I can't help but look at it as the last 6K :lol:

So the tab is:
Crappy '98 Jimmy (including 4 years interest): 29,000
Upside down cash (including interest through the following loan): 9,700
Repairs on CC (plus interest over 3 years): 10,300
Total: $49,000 for 4 years use of a moderately equipped GMC Jimmy

Not driving a GMC... Priceless... :lol:

 

[Green97TJ]

Everything? Everything? Thats mighty bold talk for a one-eyed fat man, Rooster!:lol: :lol: :lol:

Z06 Corvette, ugly?

Yea, well even a blind squirrel finds a nut every now and then. And I still liked the C5 better than the I do the C6

The New Camaro(will likely be produced), ugly?

In a word, yes.

Trailblazer SS, ugly?

Any trailblazer. And I also bring up the point, why would I want a performance SUV? The same vehicles that have rollover warnings all over them, and we're going to try to make them go fast? No thanks.

Saturn Sky, ugly?

Personally I dont think much of it, but Ive only got a glance at one in person, so I'll withhold judgment for now. But I wont get my hopes up either.

Cadillac XLR, ugly?

So we got an over-priced Corvette (is that being redundant?) with an uglier body and a less powerful engine?

Aztec, OK I'll give you that one.

10-4

And I also list as examples the Buick Rendezvous (why would you take the already ugly Aztec and sell it under another brand too???), the Cobalt, the new Tahoes, everything Hummer, the SSR, the HHR, the Avalanche, both Malibus and the minivans with the same ugly front end, the Vibe and the Vue.

If it makes you feel any better I think along the same lines for Chrysler, Ford, and the foreign companies too. But GM was the one in question here And these are just my opinions, take'em or leave'em, I won't get my feelings hurt

 

[90Xjay]

We did 3 years ago, they could not fix it so we had no other option. We were upside down 6K and had spent 7K on repairs and rental cars through the ordeal, the 6K went on the loan for the Ford and the 7K languished on a credit card. So I guess if you look at it as the first 6K that gets paid off on the new loan it's gone already, but I can't help but look at it as the last 6K :lol:

So the tab is:
Crappy '98 Jimmy (including 4 years interest): 29,000
Upside down cash (including interest through the following loan): 9,700
Repairs on CC (plus interest over 3 years): 10,300
Total: $49,000 for 4 years use of a moderately equipped GMC Jimmy

Not driving a GMC... Priceless... :lol:

Wow, I didn't know they made a Jimmy that cost that much!

 

[90Xjay]

If it makes you feel any better I think along the same lines for Chrysler, Ford, and the foreign companies too. But GM was the one in question here And these are just my opinions, take'em or leave'em, I won't get my feelings hurt

No my feelings aren't hurt, I realize you don't have any taste in vehicles.:lol: :lol: :lol: :lol: