Gm Chrysler merger-This is the End Of The Road For Chrysler

GM Chrysler News reported this 2 months ago. The GM Chrysler Merger was and is a done deal! They just need some cash to buy out Daimler and then transfer the 49% of GMAC to Cerberus and GM will Get Chrysler's assets.

I find it amusing all these supposedly automotive experts are surprised that GM Chrysler is talking merger again. Both companies have told us 2 months ago they where going to merge. The only hold up was GM needed more cash! Well guess what, the money will be coming soon.

The auto rescue bridge loan was all part of the plan to facilitate the GM Chrysler Merger!

GM idled 22 factories and Chrysler idled 30,Sadly the workers at GM and Chrysler do not know that some of these plants will never open up again, Especially if the GM Chrysler Merger goes through.

GM Chrysler News-J.F.

Chrysler News-What is the best scenario for Chrysler Workers?

Well the fears for Chrysler workers maybe coming true. GM Doesn't have the money right away to acquire Chrysler and has placed the merger on hold for the short term, so Cerberus is looking to sell the company in pieces.

From auto reports around the globe, the GM Chrysler Merger may be a better scenario for workers instead of parting it out. Analyst believe that Cerberus may have difficulty selling all the divisions or car lines of Chrysler. The Jeep line maybe the easiest to sell, but what does Cerberus do if it can't sell the rest?

Automotive reports have Hyundai Motors interested in the Jeep lineup and at one time Nissan was the front runner for the Dodge Pickup line. But current reports say Nissan just wants alliances and probably wouldn't want to spend billions purchasing Dodge.

The only vehicles of Chrysler that seem to have any interest from other companies are the: Jeep line, Mini-vans and Dodge Ram.

What are the options for Cerberus? What is their time table? and how much money can they stomach losing as they sit idle?

Maybe the best scenario would be taking Chrysler public and buying out Cerberus to save 66,000 jobs!


Stupid Daily News---Political Roast----Lingerie Football Pics

Chrysler News-What is the best scenario for Chrysler Workers?

Well the fears for Chrysler workers maybe coming true. GM Doesn't have the money right away to acquire Chrysler and has placed the merger on hold for the short term, so Cerberus is looking to sell the company in pieces.

From auto reports around the globe, the GM Chrysler Merger may be a better scenario for workers instead of parting it out. Analyst believe that Cerberus may have difficulty selling all the divisions or car lines of Chrysler. The Jeep line maybe the easiest to sell, but what does Cerberus do if it can't sell the rest?

Automotive reports have Hyundai Motors interested in the Jeep lineup and at one time Nissan was the front runner for the Dodge Pickup line. But current reports say Nissan just wants alliances and probably wouldn't want to spend billions purchasing Dodge.

The only vehicles of Chrysler that seem to have any interest from other companies are the: Jeep line, Mini-vans and Dodge Ram.

What are the options for Cerberus? What is their time table? and how much money can they stomach losing as they sit idle?

Maybe the best scenario would be taking Chrysler public and buying out Cerberus to save 66,000 jobs!


Stupid Daily News---Political Roast----Lingerie Football Pics

Chrysler News-What is the best scenario for Chrysler Workers?

Well the fears for Chrysler workers maybe coming true. GM Doesn't have the money right away to acquire Chrysler and has placed the merger on hold for the short term, so Cerberus is looking to sell the company in pieces.

From auto reports around the globe, the GM Chrysler Merger may be a better scenario for workers instead of parting it out. Analyst believe that Cerberus may have difficulty selling all the divisions or car lines of Chrysler. The Jeep line maybe the easiest to sell, but what does Cerberus do if it can't sell the rest?

Automotive reports have Hyundai Motors interested in the Jeep lineup and at one time Nissan was the front runner for the Dodge Pickup line. But current reports say Nissan just wants alliances and probably wouldn't want to spend billions purchasing Dodge.

The only vehicles of Chrysler that seem to have any interest from other companies are the: Jeep line, Mini-vans and Dodge Ram.

What are the options for Cerberus? What is their time table? and how much money can they stomach losing as they sit idle?

Maybe the best scenario would be taking Chrysler public and buying out Cerberus to save 66,000 jobs!


Stupid Daily News---Political Roast----Lingerie Football Pics

Chrysler News-Cerberus still seeks takers for Chrysler

Latest From The Detroit News

Alisa Priddle / The Detroit News

Cerberus Capital Management LP is seeking other options for Chrysler LLC after frontrunner General Motors Corp. suspended its acquisition efforts.

Two people familiar with the matter confirmed that Cerberus wants to re-engage the Renault SA-Nissan Motor Co. alliance after those discussions ended last week when it became apparent that Cerberus favored a deal with GM.

Hyundai Motor Co. Ltd. is described as one of a number of companies with which Cerberus continues to talk about a strategic partnership or the acquisition of some or all of Chrysler's automotive assets, a source familiar with the situation said. The source stressed that Hyundai did not just jump into the fray upon GM's exit.Chrysler will not remain intact, predicted Charles Chesbrough, senior economist for CSM Worldwide, an automotive market research firm in Northville. "The next step is that Chrysler would be broken up and pieces taken over by other companies," he said, noting there don't appear to be many suitors interested in the entire company.
...More

Stupid Daily News---Political Roast----Lingerie Football Pics

Chrysler News-Cerberus still seeks takers for Chrysler

Latest From The Detroit News

Alisa Priddle / The Detroit News

Cerberus Capital Management LP is seeking other options for Chrysler LLC after frontrunner General Motors Corp. suspended its acquisition efforts.

Two people familiar with the matter confirmed that Cerberus wants to re-engage the Renault SA-Nissan Motor Co. alliance after those discussions ended last week when it became apparent that Cerberus favored a deal with GM.

Hyundai Motor Co. Ltd. is described as one of a number of companies with which Cerberus continues to talk about a strategic partnership or the acquisition of some or all of Chrysler's automotive assets, a source familiar with the situation said. The source stressed that Hyundai did not just jump into the fray upon GM's exit.Chrysler will not remain intact, predicted Charles Chesbrough, senior economist for CSM Worldwide, an automotive market research firm in Northville. "The next step is that Chrysler would be broken up and pieces taken over by other companies," he said, noting there don't appear to be many suitors interested in the entire company.
...More

Stupid Daily News---Political Roast----Lingerie Football Pics

Chrysler News-Cerberus still seeks takers for Chrysler

Latest From The Detroit News

Alisa Priddle / The Detroit News

Cerberus Capital Management LP is seeking other options for Chrysler LLC after frontrunner General Motors Corp. suspended its acquisition efforts.

Two people familiar with the matter confirmed that Cerberus wants to re-engage the Renault SA-Nissan Motor Co. alliance after those discussions ended last week when it became apparent that Cerberus favored a deal with GM.

Hyundai Motor Co. Ltd. is described as one of a number of companies with which Cerberus continues to talk about a strategic partnership or the acquisition of some or all of Chrysler's automotive assets, a source familiar with the situation said. The source stressed that Hyundai did not just jump into the fray upon GM's exit.Chrysler will not remain intact, predicted Charles Chesbrough, senior economist for CSM Worldwide, an automotive market research firm in Northville. "The next step is that Chrysler would be broken up and pieces taken over by other companies," he said, noting there don't appear to be many suitors interested in the entire company.
...More

Stupid Daily News---Political Roast----Lingerie Football Pics

Cerberus chief: Country can't let automakers fail

Cerberus chief: Country can't let automakers fail

Tom Krisher / Associated Press
DETROIT -- A top official of the company that owns most of Chrysler LLC says the country needs an economic stimulus package and must make sure the U.S. auto industry doesn't fail.

Cerberus Capital Management LP Chairman John Snow said Wednesday that president-elect Barack Obama and his treasury secretary need a bipartisan plan to counter the worst economic downturn in about 50 years.

"What we need is to make sure that a vital industry like autos ... which is such a big part of the overall economy, doesn't lead us into a deeper and harsher downturn," Snow said in an interview on the CNBC cable channel. "The collapse of the auto industry at this time would be devastating for a new president." ...article


Stupid Daily News---Political Roast----Lingerie Football Pics

Cerberus chief: Country can't let automakers fail

Cerberus chief: Country can't let automakers fail

Tom Krisher / Associated Press
DETROIT -- A top official of the company that owns most of Chrysler LLC says the country needs an economic stimulus package and must make sure the U.S. auto industry doesn't fail.

Cerberus Capital Management LP Chairman John Snow said Wednesday that president-elect Barack Obama and his treasury secretary need a bipartisan plan to counter the worst economic downturn in about 50 years.

"What we need is to make sure that a vital industry like autos ... which is such a big part of the overall economy, doesn't lead us into a deeper and harsher downturn," Snow said in an interview on the CNBC cable channel. "The collapse of the auto industry at this time would be devastating for a new president." ...article


Stupid Daily News---Political Roast----Lingerie Football Pics

Cerberus chief: Country can't let automakers fail

Cerberus chief: Country can't let automakers fail

Tom Krisher / Associated Press
DETROIT -- A top official of the company that owns most of Chrysler LLC says the country needs an economic stimulus package and must make sure the U.S. auto industry doesn't fail.

Cerberus Capital Management LP Chairman John Snow said Wednesday that president-elect Barack Obama and his treasury secretary need a bipartisan plan to counter the worst economic downturn in about 50 years.

"What we need is to make sure that a vital industry like autos ... which is such a big part of the overall economy, doesn't lead us into a deeper and harsher downturn," Snow said in an interview on the CNBC cable channel. "The collapse of the auto industry at this time would be devastating for a new president." ...article


Stupid Daily News---Political Roast----Lingerie Football Pics

Will President Obama Talk To Cerberus and GM this week?

Well the Election is over, now President Obama and the Dems face some real serious issues.One of the major issues is whether or not the Federal Government will help the auto industry.

President Obama said he would speak to Cerberus and GM after the election.

One would speculate that with Michigan having a Democratic Governor and a new Democratic President stepping into office the merger will happen. It is just a matter of crafting a financially sound plan from the Federal Governments stand point.
Which means what will the auto companies give in return for large sums of cash?

Many reports rumor to have Cerberus talking to other potential buyers, but Cerberus wants to sell Chrysler as a whole because it would have more value. It is possible Nissan could buy Chrysler and sell off what is doesn't want.

But for Cerberus the sweet deal is with General Motors! It gets the rest of GMAC financing for Chrysler and would swiftly be out of the car business. You don't have to be an accountant, lawyer and auto beat writer to figure that out!

We will probably hear more merger news by the weeks end. This is still a serious problem that needs to be addressed immediately and millions of jobs are counting on some intelligent action.

Here is another Gm Chrysler Merger Report--Researched by Industrial Info Resources

GM-Chrysler Merger Talks on Hold Until After Election, as Bush Administration Won't Finance Buyout

SUGAR LAND--November 4, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--In-depth talks between General Motors Corporation and Chrysler LLC (Auburn Hills, Michigan) have reached an impasse and will be placed on temporary hold until after the November 4 elections, as the Bush administration has opted not to finance the merger of the two automotive giants. GM and Chrysler had been asking the Bush administration for $10 billion-$15 billion in government aid to help finance the merger; however, that aid was denied late last week.

In the meantime, Cerberus Capital Management LP (New York, New York), the private equity firm that owns the majority of Chrysler, will reopen talks with other potential suitors who may be interested in acquiring the ailing automaker.

Stupid Daily News---Political Roast----Lingerie Football Pics

Will President Obama Talk To Cerberus and GM this week?

Well the Election is over, now President Obama and the Dems face some real serious issues.One of the major issues is whether or not the Federal Government will help the auto industry.

President Obama said he would speak to Cerberus and GM after the election.

One would speculate that with Michigan having a Democratic Governor and a new Democratic President stepping into office the merger will happen. It is just a matter of crafting a financially sound plan from the Federal Governments stand point.
Which means what will the auto companies give in return for large sums of cash?

Many reports rumor to have Cerberus talking to other potential buyers, but Cerberus wants to sell Chrysler as a whole because it would have more value. It is possible Nissan could buy Chrysler and sell off what is doesn't want.

But for Cerberus the sweet deal is with General Motors! It gets the rest of GMAC financing for Chrysler and would swiftly be out of the car business. You don't have to be an accountant, lawyer and auto beat writer to figure that out!

We will probably hear more merger news by the weeks end. This is still a serious problem that needs to be addressed immediately and millions of jobs are counting on some intelligent action.

Here is another Gm Chrysler Merger Report--Researched by Industrial Info Resources

GM-Chrysler Merger Talks on Hold Until After Election, as Bush Administration Won't Finance Buyout

SUGAR LAND--November 4, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--In-depth talks between General Motors Corporation and Chrysler LLC (Auburn Hills, Michigan) have reached an impasse and will be placed on temporary hold until after the November 4 elections, as the Bush administration has opted not to finance the merger of the two automotive giants. GM and Chrysler had been asking the Bush administration for $10 billion-$15 billion in government aid to help finance the merger; however, that aid was denied late last week.

In the meantime, Cerberus Capital Management LP (New York, New York), the private equity firm that owns the majority of Chrysler, will reopen talks with other potential suitors who may be interested in acquiring the ailing automaker.

Stupid Daily News---Political Roast----Lingerie Football Pics

Will President Obama Talk To Cerberus and GM this week?

Well the Election is over, now President Obama and the Dems face some real serious issues.One of the major issues is whether or not the Federal Government will help the auto industry.

President Obama said he would speak to Cerberus and GM after the election.

One would speculate that with Michigan having a Democratic Governor and a new Democratic President stepping into office the merger will happen. It is just a matter of crafting a financially sound plan from the Federal Governments stand point.
Which means what will the auto companies give in return for large sums of cash?

Many reports rumor to have Cerberus talking to other potential buyers, but Cerberus wants to sell Chrysler as a whole because it would have more value. It is possible Nissan could buy Chrysler and sell off what is doesn't want.

But for Cerberus the sweet deal is with General Motors! It gets the rest of GMAC financing for Chrysler and would swiftly be out of the car business. You don't have to be an accountant, lawyer and auto beat writer to figure that out!

We will probably hear more merger news by the weeks end. This is still a serious problem that needs to be addressed immediately and millions of jobs are counting on some intelligent action.

Here is another Gm Chrysler Merger Report--Researched by Industrial Info Resources

GM-Chrysler Merger Talks on Hold Until After Election, as Bush Administration Won't Finance Buyout

SUGAR LAND--November 4, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--In-depth talks between General Motors Corporation and Chrysler LLC (Auburn Hills, Michigan) have reached an impasse and will be placed on temporary hold until after the November 4 elections, as the Bush administration has opted not to finance the merger of the two automotive giants. GM and Chrysler had been asking the Bush administration for $10 billion-$15 billion in government aid to help finance the merger; however, that aid was denied late last week.

In the meantime, Cerberus Capital Management LP (New York, New York), the private equity firm that owns the majority of Chrysler, will reopen talks with other potential suitors who may be interested in acquiring the ailing automaker.

Stupid Daily News---Political Roast----Lingerie Football Pics

AP Report 11/03/08--Cerberus Waiting For New Prez. To Help Broker GM Chrysler Deal

AP source: Next prez to shape any GM-Chrysler deal

DETROIT: Discussions over potential government funding to facilitate a General Motors acquisition of Chrysler are on hold until after Tuesday's election, and the end result likely will be decided by whoever wins the presidential contest, according to a person briefed on the financing details of the negotiations.

General Motors Corp. and Chrysler LLC were still reviewing numerous options to help the deal, including tapping into a portion of the $700 billion federal bailout being administered by the Treasury Department, the person said Monday.

"I think it's silly for anyone to count anything out," said the person, who asked not to be identified because the negotiations are private.

Another person briefed on the talks said that despite reports to the contrary, Nissan Motor Co. is still involved in the discussions, although Chrysler's majority owner, Cerberus Capital Management LP, would prefer GM as a single buyer.

That person also spoke on condition of anonymity because the talks are confidential.

Stupid Daily News---Political Roast----Lingerie Football Pics

AP Report 11/03/08--Cerberus Waiting For New Prez. To Help Broker GM Chrysler Deal

AP source: Next prez to shape any GM-Chrysler deal

DETROIT: Discussions over potential government funding to facilitate a General Motors acquisition of Chrysler are on hold until after Tuesday's election, and the end result likely will be decided by whoever wins the presidential contest, according to a person briefed on the financing details of the negotiations.

General Motors Corp. and Chrysler LLC were still reviewing numerous options to help the deal, including tapping into a portion of the $700 billion federal bailout being administered by the Treasury Department, the person said Monday.

"I think it's silly for anyone to count anything out," said the person, who asked not to be identified because the negotiations are private.

Another person briefed on the talks said that despite reports to the contrary, Nissan Motor Co. is still involved in the discussions, although Chrysler's majority owner, Cerberus Capital Management LP, would prefer GM as a single buyer.

That person also spoke on condition of anonymity because the talks are confidential.

Stupid Daily News---Political Roast----Lingerie Football Pics

AP Report 11/03/08--Cerberus Waiting For New Prez. To Help Broker GM Chrysler Deal

AP source: Next prez to shape any GM-Chrysler deal

DETROIT: Discussions over potential government funding to facilitate a General Motors acquisition of Chrysler are on hold until after Tuesday's election, and the end result likely will be decided by whoever wins the presidential contest, according to a person briefed on the financing details of the negotiations.

General Motors Corp. and Chrysler LLC were still reviewing numerous options to help the deal, including tapping into a portion of the $700 billion federal bailout being administered by the Treasury Department, the person said Monday.

"I think it's silly for anyone to count anything out," said the person, who asked not to be identified because the negotiations are private.

Another person briefed on the talks said that despite reports to the contrary, Nissan Motor Co. is still involved in the discussions, although Chrysler's majority owner, Cerberus Capital Management LP, would prefer GM as a single buyer.

That person also spoke on condition of anonymity because the talks are confidential.

Stupid Daily News---Political Roast----Lingerie Football Pics

GMAC seeks bank status for rescue funding

Report: Auto finance company wants access to $700 billion bailout

WASHINGTON - GMAC, the auto finance and mortgage company, is seeking to become a bank holding company in order to access the government’s $700 billion financial rescue plan, the Wall Street Journal reported on Tuesday.

GMAC spokesman Gina Proia said the finance company had no comment on the report.

Cerberus Capital Management, the private equity firm that also controls Chrysler LLC, has been discussing the matter with the U.S. Federal Reserve for over a month, the newspaper reported, quoting unnamed people familiar with the talks.

As a bank holding company, GMAC could receive equity injections from Treasury Department and sharply reduce its borrowing costs in part by gaining access to the Fed’s discount window.

Proia said earlier on Tuesday that GMAC LLC had been granted approval by the Fed to use a commercial paper funding facility created earlier by this month by the central bank.

Cerberus and General Motors Corp have been discussing a merger deal for Chrysler since September, according to people familiar with the talks.

The Wall Street Journal said that those talks were being structured so that both GM and Cerberus could benefit from the financial support being offered by the Treasury Department and the Federal Reserve.

The newspaper said that while the mechanics of a bank registration would be complex for GMAC it might include a requirement that GM’s stake in GMAC be no more than 24.9 percent.

Cerberus owns 51 percent of GMAC. GM owns the remainder. In addition to a merger of GM and Chrysler’s struggling auto operations, the two sides have also discussed a transfer of some of GM’s stake in GMAC to Cerberus, people with knowledge of the talks have said.

The newspaper said that one idea being discussed would merge Chrysler Financial into the entity controlled by the bank holding company in order to create a financial services company that would offer services including auto loans, interest bearing accounts and credit cards.

GM and Chrysler have declined to comment since word of their merger talks broke earlier this month.

Stupid Daily News---Political Roast----Lingerie Football Pics

GMAC seeks bank status for rescue funding

Report: Auto finance company wants access to $700 billion bailout

WASHINGTON - GMAC, the auto finance and mortgage company, is seeking to become a bank holding company in order to access the government’s $700 billion financial rescue plan, the Wall Street Journal reported on Tuesday.

GMAC spokesman Gina Proia said the finance company had no comment on the report.

Cerberus Capital Management, the private equity firm that also controls Chrysler LLC, has been discussing the matter with the U.S. Federal Reserve for over a month, the newspaper reported, quoting unnamed people familiar with the talks.

As a bank holding company, GMAC could receive equity injections from Treasury Department and sharply reduce its borrowing costs in part by gaining access to the Fed’s discount window.

Proia said earlier on Tuesday that GMAC LLC had been granted approval by the Fed to use a commercial paper funding facility created earlier by this month by the central bank.

Cerberus and General Motors Corp have been discussing a merger deal for Chrysler since September, according to people familiar with the talks.

The Wall Street Journal said that those talks were being structured so that both GM and Cerberus could benefit from the financial support being offered by the Treasury Department and the Federal Reserve.

The newspaper said that while the mechanics of a bank registration would be complex for GMAC it might include a requirement that GM’s stake in GMAC be no more than 24.9 percent.

Cerberus owns 51 percent of GMAC. GM owns the remainder. In addition to a merger of GM and Chrysler’s struggling auto operations, the two sides have also discussed a transfer of some of GM’s stake in GMAC to Cerberus, people with knowledge of the talks have said.

The newspaper said that one idea being discussed would merge Chrysler Financial into the entity controlled by the bank holding company in order to create a financial services company that would offer services including auto loans, interest bearing accounts and credit cards.

GM and Chrysler have declined to comment since word of their merger talks broke earlier this month.

Stupid Daily News---Political Roast----Lingerie Football Pics

GMAC seeks bank status for rescue funding

Report: Auto finance company wants access to $700 billion bailout

WASHINGTON - GMAC, the auto finance and mortgage company, is seeking to become a bank holding company in order to access the government’s $700 billion financial rescue plan, the Wall Street Journal reported on Tuesday.

GMAC spokesman Gina Proia said the finance company had no comment on the report.

Cerberus Capital Management, the private equity firm that also controls Chrysler LLC, has been discussing the matter with the U.S. Federal Reserve for over a month, the newspaper reported, quoting unnamed people familiar with the talks.

As a bank holding company, GMAC could receive equity injections from Treasury Department and sharply reduce its borrowing costs in part by gaining access to the Fed’s discount window.

Proia said earlier on Tuesday that GMAC LLC had been granted approval by the Fed to use a commercial paper funding facility created earlier by this month by the central bank.

Cerberus and General Motors Corp have been discussing a merger deal for Chrysler since September, according to people familiar with the talks.

The Wall Street Journal said that those talks were being structured so that both GM and Cerberus could benefit from the financial support being offered by the Treasury Department and the Federal Reserve.

The newspaper said that while the mechanics of a bank registration would be complex for GMAC it might include a requirement that GM’s stake in GMAC be no more than 24.9 percent.

Cerberus owns 51 percent of GMAC. GM owns the remainder. In addition to a merger of GM and Chrysler’s struggling auto operations, the two sides have also discussed a transfer of some of GM’s stake in GMAC to Cerberus, people with knowledge of the talks have said.

The newspaper said that one idea being discussed would merge Chrysler Financial into the entity controlled by the bank holding company in order to create a financial services company that would offer services including auto loans, interest bearing accounts and credit cards.

GM and Chrysler have declined to comment since word of their merger talks broke earlier this month.

Stupid Daily News---Political Roast----Lingerie Football Pics

Cerberus and Mr. Invisible-Stephen Feinberg

The founder of Cerberus Stephen Feinberg is one of the most elusive men in America. Hardly any photos can be found of him! Try and find some! Good luck!


See more Car Pictures at CarSpace.com

Since graduating from Princeton 25 years ago, Feinberg has never given an interview and has never been photographed by the press.

Not that there has been much demand until now. On Wall Street, the C.E.O. of Cerberus Capital Management, an investment firm with $26 billion in assets under management, has long been admired. (“You probably think you’re smart,” says one former employee. “Now take your brain and mine, take them to the 28th power, and you have Steve Feinberg.”)

To the general public, though, Cerberus has been just another shadowy buyer of companies in an already overpopulated field. The firm’s purchases include a grab bag of brands that lurk on the edge of consumer consciousness: Fila sporting goods, Mervyn’s department stores, Alamo and National rental cars, Air Canada, the GMAC lending arm of General Motors.


Stupid Daily News---Political Roast----Lingerie Football Pics