What happened to the November 4-5 announcement?

Rumors were flying. “There will be something BIG on November 4.” Then, “There will be something BIG on November 5.” Finally, “There will be something BIG on November 6.”
Honestly, when nothing materialized on November 4 other than a historic election that hopefully lined up a nail in the coffin of a voluntarily, fully, irrationally separated [...]

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 [...]

Changes are slowly taking place

It’s hard to turn around a supertanker, as Bob Lutz found out when he became second mate of the sailing ship General Motors. Few were surprised when Cerberus’ purchase of Chrysler failed to result in a completely new lineup for 2009. It just doesn’t work that way. 
But things are clearly changing. The Challenger was almost [...]