الموضوع: إنهيــار صنــاعة السيــارت فى العالم و خاصة الأمريكية !!

The first reports claiming talks of a merger between industry giants General Motors and Chrysler emerged as recently as a week and a half ago but the latest buzz is that a final announcement could be made within two weeks. USA Today has reported on its website that both companies are looking to wrap up the merger talks before the presidential election on November 4.

The information was revealed by an inside source familiar with the negotiations. They also claim that both GM and Chrysler are lobbying for further government financial assistance to help seal the deal, and that the outcome will depend on whether the costs savings from potential synergies would outweigh the difficulties that come with combining firms with overlapping product lines and vastly different corporate cultures.

Analysts have criticized GM's plans to merge with Chrysler, mostly because of the overlapping of brands and products. The savings, however, are expected to be substantial, and on top of this Chrysler has $11 billion in cash reserves. Most of the cost savings would be generated by consolidating dealer networks and administrative procedures, merging brands and cutting staff.

Currently, Chrysler has around 3,500 dealers while GM has 6,500. Combining the two would result in around 10,000 dealers, resulting in a gross overlap of resources.

Others are less optimistic about the possible merger. GM's current strategy reflects the need to avoid overcrowding various segments, which would conflict with an acquisition of the similarly marketed Chrysler brands.

However, GM is not the only suitor knocking on Chrysler's door, with reports claiming Renault is also considering playing some role in the sale. There remains a distinct possibility that Chrysler could be broken up between Renault and GM.

Meanwhile, Chrysler's current owner Cerberus Capital Management is also nearing a deal with Daimler to purchase the former parent’s 19.9% stake in the company. According to Reuters, any deal done with either GM or Renault would be dependent on Cerberus acquiring the remaining shares of Chrysler. At the same time, Cerberus could also end up swapping Chrysler with GM for the remaining portion of auto-lending firm GMAC, which it already owns a 51% stake and GM the other 49%.

As the potential merger between General Motors and Chrysler becomes clearer in detail, it is beginning to look less and less likely due to problems with the financing necessary for GM to complete the deal. Government aid could bridge the gap, but so far nothing along those lines has been proposed.

Executives at GM are confident they can acquire what it wants of Chrysler and improve its own position, but outsiders think such a result neglects the financial realities of the purchase, reports Autmotive News. Acquiring Chrysler would cost GM a great deal of cash - something it does not have an abundance of at the moment, despite a large quantity on the books. Financing the purchase is likewise not a strong option given the current status of the United States' major lending institutions and GM's own credit risk rating.

Chrysler is also carrying $9 billion in debt that would need to be either paid off or refinanced upon acquisition, further complicating matters for the merger. GM had nearly $21 billion in cash at the middle of the year, but was using about $1 billion per month at the time, and likely even more now as the market continues to slide. It must still generate another $4-5 billion in cash to pay off 30,000 to 40,000 union jobs that could be cut in a merger between the two companies if the deal does move forward.

Government funding for the merger, if made available, could potentially salvage the deal and stave off some of the massive layoffs that would otherwise be necessary. Excess capacity for a combined and presumably streamlined operation would still necessitate some layoffs, but if the merged company wasn't forced to deal with raising billions in cash through cost-cutting, it might be able to hold on to more of the workers currently employed by both companies.

GM does have the possibility of trading its remaining stake - 49% - in GMAC to Cerberus, owner of Chrysler, for all or part of its 81% share in the company, but that, too is fraught with debt and other difficulties. Nevertheless, the parties are charging forward, with a possible announcement within two weeks time.

على العموم هنشوف الموضوع هيرسي على ايه

في اطار مساعي كريسلر لترتيب الاوراق و جلب حفنه اخرى من الاموال

لبدء مرحله شرائها الكامل من قبل الجنرال كما يطلقون عليه General Motors

اوقفت كريسلر التطوير على الجيل الجديد من محركات ال في 6

و اليكم الخبر

Chrysler’s future Phoenix V6 engine has been speculated on for the past several years and now as the company is the midst of merger talks there are claims that the $3 billion engine project may have been shelved.

The Phoenix V6 was touted to be a world class engine designed for Chrysler’s entire portfolio of brands, including its Jeep SUVs, Chrysler sedans and minivans, and Dodge pickup trucks. Some of its planned features included direct-injection and cylinder-deactivation technologies as well as variable valve timing.

While Chrysler is yet to confirm if development of the Phoenix has been canceled, Allpar reports that one of the plans that was scheduled to build the engine has been told the project has been canned. The latest rumor comes less than a week after Chrysler dropped plans to build a new dual-clutch transmission with Getrag.

If the claims prove true, their close proximity with reports of a possible merger between Chrysler and General Motors or Renault-Nissan suggests that a deal will go ahead sometime in the near future. Both GM and Renault-Nissan build some of the most modern and high-tech V6 engines in the industry – GM with its HF (high feature) V6 and Renault-Nissan with the award-winning VQ series.

Chrysler canceling its own development plans makes sense as the Phoenix project was previously reported to have a bill of around $3 billion.

و في خطوه اخرى على صعيد اخر

اعلنت jp- morgan انها ستدخل في عمليه الاندماج بين كريسلر و بين جنرال موتورز


A group of banks led by mega bank JPMorgan Chase have joined the discussions between General Motors and Cerberus Capital Management over the sale of Chrysler LLC. JPMorgan Chase holds about $10 billion in Chrysler debt and is apparently eager to help General Motors acquire the beleaguered, privately-held automaker.

“While a GM-Chrysler tie-up would clearly be a high risk transaction from an operational perspective, such a transaction may give GM leverage over two key stakeholders: the UAW and banks,” JPMorgan auto industry analyst Himanshu Patel wrote in a research note provided to journalists yesterday. “By saving Chrysler from a liquidity event, GM may also be able to get itself much needed secured bank financing from the same banks that are currently holding Chrysler debt.”

GM would also gain access to Chrysler’s $11 billion in cash, though the combined group would ultimately shed up to 30,000 jobs, according to those close to the discussions. The job cuts would, naturally, be devastating to the Michigan economy, as well as Chrysler employees at plants, dealerships and regional offices throughout the United States.

Ann Arbor, Michigan-based David Cole, chairman of the Center for Automotive Research, said that the GM-Chrysler deal is “90 percent certainty” during an interview with the Detroit News.

“The cost of a cleanup would be a lot of more than preventative measures,” he told the paper. “The banks are pushing hard. They want to see a consolidation. A combined GM-Chrysler becomes too big to fail from a policy standpoint.”

و في مقال جديد

قال بعض المختصين ان الشركتين تنويان التسريع في عمليه الاندماج

و اليكم المقال

General Motors and Cerberus reportedly want to act as quickly as possible if they are going to make a move on Chrysler. It seems that the two bargainers would like to come to a decision before the upcoming Presidential elections, as they believe they may get more promises from either candidate before the actual vote takes place. A potential problem exists though, as General Motors is finding it tough to come up with the cash needed to make a deal happen and banks aren't about the lend it to them. An alternative option that's being considered is getting government backing for the deal.

Though it sounded hard to believe when we first heard the GM/Chrysler merger rumors, it truly appears that these talks are taking place at a very high level and the deal could indeed be on its way to. We'll just need to pay close attention in the next few weeks to the reactions from the Feds, the UAW and the thousands of workers that would inevitably be affected by the deal. Stay tuned.

General Motors Explores Potential Sale of ACDelco

General Motors (NYSE:GM) announced today that it is exploring a potential sale of ACDelco, its global independent aftermarket parts business, a brand of GM Service & Parts Operations. A sale is expected to promote more rapid growth of ACDelco globally.

As the company announced in July, GM is undertaking a number of initiatives to bolster its liquidity position by approximately $15 billion through year-end 2009, including the sale of assets which are expected to generate approximately $2-4 billion of liquidity. In addition to the ACDelco business, GM previously announced it is exploring the potential sale of its Hummer brand and its technical and manufacturing center in Strasbourg, France.

ACDelco provides light-duty maintenance and repair parts and associated services for both GM and non-GM vehicles in more than 100 countries. Part of GM Service & Parts Operations, ACDelco is headquartered in Grand Blanc, MI, with approximately 600 employees worldwide.

GM has retained Merrill Lynch to assist in this initiative.