Chrysler In Merger Talks With GM

[blackhat620]

GM & Chrysler are trying to get the merger completed before the election.
www.usatoday.com/money/autos/2008-10-19-gm-chrysler_N.htm?loc=interstitialskip

If the merger goes through, estimates are that 30k jobs will be lost at Chrysler, since most of the plants will be shuttered and the names moved to GM.
http://money.cnn.com/2008/10/18/news/companies/gm_chrsyler_talks.ap/index.htm
www.msnbc.msn.com/id/27266925/

Should be an interesting couple of weeks.

 

[Blue Goose]

Didn't Chrysler have some dealings in the past from Renault......when they bought AMC(?) Jeep (for sure) from Renault?

AMC was AMC/Jeep/Eagle brands when Renault bought it in 85, and Chrysler picked it up in 87.

To further expand on the subject...

Whatever Happened To Eagle?

At the time of the Chrysler buyout, AMC had product in the pipeline that Renault had a financial interest in seeing hit the market. Chrysler didn't want it — Jeep was their trophy — but Renault forced them to take the Franco-American models as part of the deal, so Chrysler spun them off into their own brand: Thus was born Eagle.

 

[Raptor22]

To further expand on the subject...

Whatever Happened To Eagle?

Yeah, I already knew about most of that, but still a very interesting look on how merges and takeovers work in the auto industry.

And the Eagle name came from the AMC Eagle, one of my favorite cars/4wheel-drives ever...

 

[polarbear]

Don't forget Chrysler and Renault have a current tie-up, with Dodge building the new Nissan titan in Mexico (Renault also owns controlling interest in Nissan).