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GM-Chrysler Merger Talks Resume
We'll leave it to someone else to explain to you how, exactly, the merger of two ailing companies somehow cures their ailment, and simply give you the news: The Wall Street Journal is reporting that General Motors has resumed talks with Cerberus Capital Management about taking over some of its stake in Chrysler. Cerebrus has, so far, resisted calls to inject more capital in Chrysler, but one way it may be able to agree to broad industry restructuring is simply by selling off some of its stake to GM. According to a source at The Wall Street Journal, "Cerberus hopes lawmakers would view such a move as a contribution to the restructuring of the troubled industry." General Motors, meanwhile, is denying the talks.
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GM and Chrysler won't merge. That would be ridiculously stupid. Neither one has enough capital to help the other out. If these two seriuosly try to merge Congress and the White House should deny them the funds they are requesting because obviously they have no idea how to manage their money. Personally, this sounds like Cerberus shopping Chrysler around because they realized they bought 80% of a company that isn't worth it. It's too bad. I love my Jeep, but I think this may be the end of an American Icon. Maybe TaTa will buy Jeep off. I hear they are doing wonders with Land Rover.
My program: A national car - raffle with lots of TV ads. Sell new car raffle tickets wherever lotto tickets are sold. Every 40, 000 car-lotto tickets = a new Chevrolet Volt or Ford Hybrid or Sebring convertible, etc, taxes, title, and dealer fees included.
Our goal 10,000 new American cars pre-sold every week. I should be the car czar to instigate the program.
Why not try to make one stronger competitive company here in the USA instead of two weak companies competing against each other?
Thank you.
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