NEWS FLASH....Chrysler talking merger with GM (NO KIDDING)
In today's financial news, there appears a story that Cerberus and GM are talking about a deal that would give Cerberus the remaining owenrship in GMAC in exchange for Chrysler. READ ON:
"......The Wall Street Journal, citing people it described as familiar with the discussions, reported that Cerberus, a private equity firm that also owns 51 percent of GMAC Financial Services, proposed trading Chrysler's automotive operations to GM in exchange for GM's remaining 49 percent stake in GMAC.
The New York Times, also citing people familiar with the talks, reported that the automakers were discussing a merger.
The negotiations between 100-year-old GM and 83-year-old Chrysler have began more than a month ago. The Times said its sources pegged the chances of a merger being completed at 50-50....."
Can you imagine if this ever happened?
How about a Camaro with HEMI? How about a Challenger running with a Corvette engine?