Comments on: GM-Chrysler merger talks boost shares

By: Phill

Phill — Wed, 15 Oct 2008 07:07:19 +0000

Apparently GM aproched Ford first,but Ford said no after a couple of months of negotation.Watch for another stock market crash in 09 and the talk is the U.S auto industry will collapse.

By: john

john — Wed, 15 Oct 2008 05:32:20 +0000

Like throwing an anvil to a drowning man !

By: DanMan

DanMan — Wed, 15 Oct 2008 04:26:30 +0000

Yes COCOWIRE, Those silly yanks with their Internet and their entertainment and their business models and their hollywood and their saving Aust in WW2 and Their silicon valley and their culture that we love and their food that we eat…..

Sorry about the rant.. you couldn’t yourself

By: coconut wireless

coconut wireless — Wed, 15 Oct 2008 04:07:47 +0000

once again the greed of americans have come back to bite them… big cars, big buildings, big wars – the classic american way.

Sorry about the rant.. couldnt help myself.

By: WVB

WVB — Tue, 14 Oct 2008 20:50:53 +0000

Wasn’t it brian who said ‘Blessed on the meek……for they shall inherit the earth’ in the sermon on the mount.
When GM/Chrysler/ford collapse it will be 9/11 on an automotive scale with only the meek Koreans, chinese & indians to pick up the pieces………….
Actually the Koreans aren’t very meek anymore.

By: Frenchie

Frenchie — Tue, 14 Oct 2008 11:05:39 +0000

Chrysler will shed alot of jobs if this merger goes ahead.

It will make GM easily #1 car maker in the world, so GM maybe able to absorb some of these jobs.

Chryslers engineering will be cannibalized by GM as you would expect.

Some Chrysler cars will remain under there own name.

GM’s quality is better than Chryslers, so Chrysler owners will benefit.

Gmac will be passed on to Cerberus if the merger go ahead.

Also the US gov are giving the big three 25 billion each to develop more evironmental and economical vehicles. This will give a merg company like GM-Chrysler a huge cash pool to rethink there global vehicles and come up with some new idea.

Of course this will not happen overnight.

By: Tom

Tom — Tue, 14 Oct 2008 09:20:47 +0000

GM is in such a better position than Chrysler. GM actually makes plenty of good cars globally, Chrysler consistently doesn’t.

I still think Ford will get out of this situation if anyone, GM will have to sell major assets and close down brands, but i’d say its core operational units (Cadillac, Chevrolet, Holden) will survive.

By: macca

macca — Tue, 14 Oct 2008 09:16:26 +0000

Could be good for Ford. If the merger goes ahead, Ford could benefit with severly pissed Mopar buyers not wanting to support GM, and buying Ford products instead just to show who’s boss! Will be a sad day in motoring history if Chrysler folds.

By: Frontman

Frontman — Tue, 14 Oct 2008 06:51:08 +0000

Still trying to figure out what GM hope to achieve here. Heard about this last week, and apart from Jeep (which is over burdened with useless product now) Chrysler Corp has nothing worht picking. 300 has run its day, the payout from Getrag will be a pittance and nothing else of theirs is selling up a storm.
Unless they just want out of GMAC and this is the only way Cerberus are willing to let it happen, even then I’d be thinking twice about it.

By: Brett

Brett — Tue, 14 Oct 2008 06:48:28 +0000

GM would be in much better shape IF they didn’t recall and crush all those electric cars they leased to celebrities 8 or so years ago (i forget the name of it but it was a 2 door Mirage size car). Instead of releasing an economical electric car back then, they canceled the project, recalled and crushed all the cars AND released a V8 Hummer instead!!
I have no sympathy for the situation they are in….good riddance as i expect one or both of them will go bankrupt!