GM would need cash to acquire Chrysler

[lio45]

Originally Posted by 'Vette Dude

If I were GM, I would trade GMAC for Chrysler and $10 billion.

Cerberus bought half of GMAC for $7.4 billion cash...

(they did let GM keep a few leases over the next few years, that's valued for an extra ~$4 billion, but that didn't turn out as planned... another $2.7 billion was supposed to come from GMAC in the future as well)

...that's before the whole credit mess, back when GMAC was an interesting buy.

And you would expect them, now that the economy is a wasteland, to give something they paid IIRC ~$8 billion for (Chrysler) + $10 billion in cash for the remaining half???



You know what? If I were GM, I would trade Holden (can be spun off as a fully integrated automaker) for Toyota.