Last Up Date : (big Three Merge)yeah It's True
Capping off a week that saw General Motors’ share price take a 31% hit in a single day comes a new report claiming the carmaker is in talks with Chrysler over a possible merger deal. According to an inside source familiar with the talks, GM approached Chrysler more than a month ago to discuss an acquisition and other “mutual interests”.
However, The Detroit News also reports that GM had approached Ford about a possible tie-up before contacting Chrysler. People close to the matter said GM CEO Rick Wagoner asked Ford CEO Alan Mulally directly about starting up negotiations but was immediately turned down by the Blue Oval boss.
Ford considers a merger with GM as contrary to its own turnaround plan, which is highlighted by a need to simplify operations. Ford this week was also reported to be considering offloading some of its stake in Mazda in an effort to raise cash, however no official confirmation has been made.
GM's most recent talks were with Chrysler’s current owner, Cerberus Capital Management, over the sale of its portion of GMAC, however the rough state of financial markets eventually took its toll on the auto-lending firm, and this in turn lead to a breakdown in talks, one source revealed during an interview with the Wall Street Journal.
In the latest round talks, GM was reportedly keen to trade its remaining 49% stake in GMAC for Cerberus’ 80.1% stake in Chrysler’s automotive operations. This would give Cerberus complete ownership of GMAC, while GM would own the 80.1% stake in Chrysler and Germany’s Daimler AG would retain its 19.9% portion.
While GM’s share price and current financial state may make it appear to be in a poor position to take control of Chrysler, the source said both parties are keen to move their remaining assets quickly and a merger still has a “50-50” chance of being approved. A final decision, however, isn’t expected for several weeks at least.
GM also announced on Friday that it had ruled out seeking bankruptcy protection, claiming that such a decision is not in the best interests of its employees, stockholders, suppliers or customers, and that its North American restructuring plan is still on track.
Renault-Nissan still looking for U.S. alliance, supports Detroit 3 bailout
طبعا من الاسم واضح ايه اللي انا عاوز اقوله
لسه كارلوس غصن نفسه في شركه امريكيه
و طبعا فورد لا خالص
يبقى فاضل ميين؟
شركتين
و الحمد لله الاتنين واقعيين
كريسلر و جي ام
على الرغم من ان جي ام اعلنت على موافقتها تبيع اوبل و فرعها البريطاني فوكسهول للشركه الالمانيه العارضه للشراء
و على الرغم من ان جي ام باعت باقي اسهم سوزوكي
و على الرغم من ان جي ام اعلنت عزمها على بيع هامر
و على الرغم من ان جي ام ستقفل بونتياك
إلا ان كل هذا لا يزال يثقل كاهلها من كثر الديون و قلت المبيعات و بالتالي الاموال
و حتى عندما كانت جي ام شركه محترمه و قديره
كانت رينو نيسان ترغب في كريسلر
و الت لا يزال كارلوس غصن يحلم ان يضمها تحت رايه نيسان رينو
اليكم التقرير
Speaking at the Los Angeles Auto Show today, the boss of Renault-Nissan Carlos Ghosn has reaffirmed his company’s need for a “full North American partner” and pledged support for more federal aid for the Detroit 3 as a way to fuel growth in the industry.
While Renault-Nissan is hopeful of one day forming an alliance with one of the Detroit 3 carmakers, Ghosn stressed that now was not the time but the move is still an important one. “No alliances, acquisitions or mergers can take place in the automobile industry, or really any industry for that matter, until the storm in the economy is gone,” he explained.
Of the three Detroit carmakers, Ghosn confirmed that Chrysler was the most attractive option, reports the Associated Press. However, a lack of “mutual affection” has so far halted any progress of an alliance with the Auburn Hills company.
Ghosn revealed that Renault-Nissan can supply Chrysler with small cars because it has several platforms already fully developed. He didn’t mention if his company was interested in acquiring the Jeep brand, which was speculated in the media recently.
As for increased federal support for the struggling Detroit 3, and similar efforts for European carmakers, Ghosn said financial aid was important to "transform" the auto industry for growth. He mentioned the fact that even Triple-A credit rated companies were having trouble getting finance in the current climate. This funding is necessary to develop a new generation of electric and other alternative fuel vehicles. Otherwise the introduction of such vehicles could be delayed by several years, he explained.
