GM/Cerberus talks over full ownership of GMAC

Pinnacle · 10-12-2008, 07:23 PM

I dont know if this has been posted or not, but her it is

Quote:

It's been a crazy few days as news broke that Chrysler and General Motors have been in talks to combine operations. It turns out that there's a pretty significant back-story to these proceedings, and it involves Cerberus Capital Management's possible desire to shed its car-building operations and acquire the rest of GMAC, of which it already holds a controlling stake of 51%, with GM holding holding the other 49%. According to reports, Cerberus would like to combine Chrysler Financial with GMAC, which would allow it to merge the offices of the two financial institutions and reduce costs. All right, that might make some sense, but what about merging the two automakers? That's the part that seems so confusing to analysts and us meager bloggers. Somehow, we feel certain that there's more to this story, which we'll be hearing about for some time.

http://www.autoblog.com/2008/10/12/g...rship-of-gmac/

I think this might really happen guys.

Buick Riviera · 10-12-2008, 07:34 PM

Let see gm sells the rest of GMAC and not merge with chrysler. Yes.

Millefune · 10-12-2008, 10:08 PM

Isn't GMAC one of the only things that makes GM money, other than the housing loans?

Buick Riviera · 10-13-2008, 12:10 AM

I don't see these houseing market getting any better no time soon, despite the goverment stepping in.

CadiEldo67 · 10-13-2008, 11:03 AM

I believe it would be smart for GM to trade GMAC for Chrysler. They'd dump that home loan money pit and could later sell Chrysler for a profit. But thats just my plan. They could then use the profit from Chrysler to start up a "new GMAC" although I'm not sure what they'd call it.

CTS-V-TWIN · 10-13-2008, 11:03 AM

I hope Cerberus doesn't kill of GMAC leases like they did at Chrysler.

If GM kills leases off altogether, you will see a sharp decline in GM vehicle sales. They have already limited leases to just Cadillac which is fine, but what about the businesses that lease to write the expenses off? GM stands to lose a lot of business in my opinion.

kenman923 · 10-13-2008, 11:11 AM

It will be interesting to see how people will get financing for a new vehicle, unless GM wants to start over with a new financing company.

10-12-2008, 07:34 PM	#2 (permalink)
Buick Riviera 2.4 Liter SIDI ECOTEC Join Date: Aug 2008 Posts: 478	Re: GM/Cerberus talks over full ownership of GMAC Let see gm sells the rest of GMAC and not merge with chrysler. Yes. Last edited by Buick Riviera : 10-12-2008 at 07:38 PM.

10-12-2008, 10:08 PM	#3 (permalink)
Millefune 3.6 Liter SIDI V6 Join Date: Jul 2008 Location: Vacaville, CA Drives: 2006 GTO, 1997 SC2 Posts: 1,182	Re: GM/Cerberus talks over full ownership of GMAC Isn't GMAC one of the only things that makes GM money, other than the housing loans? __________________ "People meet, and people part. This meeting may truly be as insignificant as a ripple in the ocean, but that's alright. I'm going to enjoy it as much as I can, while it lasts." - Shido Jennifer: http://www.cardomain.com/ride/2913762

10-13-2008, 12:10 AM	#4 (permalink)
Buick Riviera 2.4 Liter SIDI ECOTEC Join Date: Aug 2008 Posts: 478	Re: GM/Cerberus talks over full ownership of GMAC I don't see these houseing market getting any better no time soon, despite the goverment stepping in.

10-13-2008, 11:03 AM	#6 (permalink)
CTS-V-TWIN 1.8 Liter ECOTEC Join Date: Apr 2007 Location: Los Angeles, CA Drives: 2009 Cadillac CTS-V 2009 Cadillac Escalade Posts: 40	Re: GM/Cerberus talks over full ownership of GMAC I hope Cerberus doesn't kill of GMAC leases like they did at Chrysler. If GM kills leases off altogether, you will see a sharp decline in GM vehicle sales. They have already limited leases to just Cadillac which is fine, but what about the businesses that lease to write the expenses off? GM stands to lose a lot of business in my opinion. __________________ DIEHARD GM FAN SINCE 1994! GOD BLESS AMERICA AND GOD BLESS GM! 2009 CADILLAC CTS-V 2009 CADILLAC ESCALADE 2WD LOYAL LIFETIME GM BRAND OWNER!

10-13-2008, 11:11 AM	#7 (permalink)
kenman923 4.4 Liter Supercharged Northstar Join Date: Feb 2005 Drives: 2009 Acura TSX Posts: 2,879	Re: GM/Cerberus talks over full ownership of GMAC It will be interesting to see how people will get financing for a new vehicle, unless GM wants to start over with a new financing company.

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