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Tag Archive for 'takeover'More news coming; keep an eye on Allpar over the weekend October 31st, 2008 • by David Zatz
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 [...] GM-Chrysler deal to be quietly announced on election night? (Updated) October 31st, 2008 • by David Zatz
“The GM executive told me the big announcement will be during election evening… and that it will be very bad indeed for Chrysler.” This statement made by a source who wishes to remain anonymous reinforces my earlier opinion. To summarize that: The deal will involve GM getting Federal aid to acquire and largely shut down [...] |
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