Jun 15th, 2009 - Freep
Last year, when Chrysler LLC approached General Motors Corp. about a possible merger, many auto industry watchers scratched their heads and wondered: Why?
The idea of a GM-Chrysler union kept coming up, even though many saw little efficiency to be gained -- at least in the short term.
Testimony and filings in the GM and Chrysler bankruptcy cases show GM's motivation: money.
William Repko, a Wall Street financial adviser for GM, told the U.S. Bankruptcy Court in New York that when GM was struggling to get the lending it needed last year, it saw a Chrysler deal as a way to get banks to pony up more cash.
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1:02Source: Chrysler, GM Discuss Joining Forces
General Motors Corp., Chrysler LLC and Cerberus Capital Management LP have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to a person familiar with the talks. (Oct. 11)
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GM, Chrysler merger could mean job losses, plant closings; Analysis by David Cole of Center for Automotive Research
10:01Here is the Carrot no Stick! Sen. Bob Bennett for Chrysler & General Motors Merger. honey! No Money.
Obaid Karki a Die hart Paulite Libertarian Underdog Diogenesist Spinoziste Qutbist Kabbalist Pantheon Hexalingual Automath Offensive Comedy of Banned Facts to have boneheaded attention: its ...
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EmploymentCrossing.com A rumored merger between General Motors and Chrysler would be unlikely to produce major savings for their combined auto operations, but could benefit stronger suppliers, an analyst says ...
