Quote:
Originally Posted by Xenon
I wonder if this "merger with Chrysler" is really a formal way of asking for a buyout from Cerberus???
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You should read the DeLorenzo rant posted by adplusone - he's right that the only sane course of action for GM to take would be to finish picking Chrysler clean.
Merger, Who Is It Good For? A Big Al Rant
I think both GM and Cerebrus find themselves in charge of an asset they have no idea how to maximize - GM with GMAC, Cerebrus with Chrysler. I hope the rumors are true that GM is looking for some cash out of this deal, but I wonder if they overestimate the amount of trouble that Cerebrus would have to go to in order to rid themselves of Chrysler.
The down side is that if Chrysler is going to cost Cerebrus that much to unload, it's likely to cost GM more. If Cerebrus ends up sending Chrysler to chapter 11, it will be interesting to see who ends up buying the minivan, Jeep, etc. My guess is that VW would end up with the minivan, and Toyota would end up with Jeep.
I cannot believe with the amount of money Daimler had to spend to offload Chrysler to Cerebrus a couple of years ago, that it would turn out be such a brilliant move. I wonder if Rick W is wishing he was nicer to Ghosn the last time they talked...