No big announcements, so far

Numerous sources, including Allpar, predicted a GM-Chrysler merger or takeover announcement on November 4 or November 5. Some major media sources believe this announcement will come with GM’s release of its earnings today. It is possible that an announcement was planned based on actions which have been halted or postponed, but it is also possible [...]

Quick reality checks: Chrysler, GM, and more

General Motors has not acquired Chrysler  - at least not yet.
Chrysler can survive with or without a GM merger. Cerberus has the resources to keep it running.
If GM and Chrysler do not merge, it will not cause them to go bankrupt. 
Analysts are unlikely to have prior knowledge of any events. “You will know what happens [...]

More news coming; keep an eye on Allpar over the weekend

We have now gotten three reports of a “big announcement” on November 4 or November 5, involving GM and Chrysler. Speculation includes:

the usual “GM giving Cerberus GMAC in return for Chrysler” rumor
GM being purchased (in whole or in part) by Cerberus
the formation of a new jointly owned company (”letting the old ones die”)
both GM and [...]

Why does Chrysler need to be sold by November 4?

Here is my theory: the goal is not to sell Chrysler by November 4.
It is to sell Chrysler on November 4.
First, let’s describe the paranoid version of this deal:
General Motors will, under duress (including Cerberus’ abuse of GMAC to deny loans to most GM buyers) trade its share in GMAC and some stock for America’s [...]

Chrysler Easter eggs

Three people have now written in to say that this 2009 Dodge Ram, taken from the Mopar site, is “for real.” (See our full story with more photos and details including the higher-power Hemis.)
But this is not a story about the Dodge Ram. It’s about incentives, Easter eggs, and Jason Vines.
By now you may [...]