View Single Post
Old 10-12-2008, 12:43 PM   #12 (permalink)
PAULSTS1
6.0 Liter L76 V8
 
PAULSTS1's Avatar
 
Join Date: Apr 2006
Location: Belmont Hgts., CA
Drives: 98 Cadillac STS 09 Avalanche/CLS (Bus)
Posts: 2,412
Re: GM would need cash to acquire Chrysler

I don't know how much each side has on hand, but I do know what the Government has proposed: To bailout Bad home loans, thus helping GMAC and its subprime Lender Di-Tech, and get them back on track. Also the Government plans to lend GM and Chrysler each billions of dollars, that may allow those troubled automakers a jump start on recovery. Just to remain in business is a win, win.

I understand that GM/Chrysler have been in negotiations for some time and have managed to collaborate on Truck production and Hybrid Technology. I don't know how extensive this is or could be, perhaps here lies the muse.

For the sake of the American Auto Manufacturing Industry I sincerely hope something will work out.
__________________
Anticipating Movie: Anything in Blu-Ray --my new Favorites Star Trek Movie 2009 and Quantum of Solace"
PAULSTS1 is offline   Reply With Quote