Drew Dowdell

DCX seeks sale of Chrysler to...GM?

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Daimler mum on report it seeks Chrysler sale to GM

FRANKFURT (Reuters) - DaimlerChrysler declined comment on a German magazine report on Wednesday that it was in talks to sell its loss-making Chrysler division to General Motors.

"I cannot and will not go into any further details," Chief Executive Dieter Zetsche told reporters in Detroit when asked about GM. The news conference was carried on the Internet.

Germany's Manager Magazin cited company sources as saying the talks were in full swing but still at an early stage.

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This isn't going to happen... GM has enough troubles without adding Chrysler to royally screw things up. AND, GM would be "known for having the worst interiors in the industry" (because Chrysler is so terrible at them) when it appears they're starting to make some of the best.

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Yeeeeahhhh..... Grrreeeaaaattttt.... and if Ford goes Bankrupt, GM can buy them too :rolleyes:

but... for some bizarre reason, I'm going to try and picture this.

Dodge & Chrysler completely overlap the B-P-G trio in every way imaginable.

The only benefit GM would gain from it would be Jeep. It makes sense to have the Jeep and Hummer brands sold under the same roof, so break Jeep off from Chrysler and merge Jeep & Hummer into one division/retail chain. That's a mighty expensive move for just one brand.

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Dodge & Chrysler completely overlap the B-P-G trio in every way imaginable.

Yes... too much overlap. Way too much.

The only benefit GM would gain from it would be Jeep. It makes sense to have the Jeep and Hummer brands sold under the same roof, so break Jeep off from Chrysler and merge Jeep & Hummer into one division/retail chain. That's a mighty expensive move for just one brand.

Jeep vs. Hummer is a BIG rivlary these days. I certainly

do not see them merging... but I guess stranger things

have happened I suppose.

It would be almost as weird as a GM-Ford partnership.

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Well my brother and I were talking the other day about the crisis of Detroit Automakers. He is not at all a car freak, to him cars are utility but should be beautifil.

He asked me a question. "So what if a car company dies?" He said like every other businesses or life in general a company is born and if it is not strong and fit to survive on its own it will be on its path to death. GM is showing some recovery at least an effort. But DC and Ford look like their efforts are muted. Rather than taking it over and taking their mess, why not just let it go if they are not capable of fighting themselves?

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Well my brother and I were talking the other day about the crisis of Detroit Automakers. He is not at all a car freak, to him cars are utility but should be beautifil.

He asked me a question. "So what if a car company dies?" He said like every other businesses or life in general a company is born and if it is not strong and fit to survive on its own it will be on its path to death. GM is showing some recovery at least an effort. But DC and Ford look like their efforts are muted. Rather than taking it over and taking their mess, why not just let it go if they are not capable of fighting themselves?

because right now GM, Chrysler, and Ford are fighting with one hand tied behind their back with legacy cost rope while the Asians and to a lesser extent the Europeans are fighting with one extra hand <their respective governments>.

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Report: GM in talks to buy Chrysler

Dale Jewett | | Automotive News / February 14, 2007 - 4:39 pm

DaimlerChrysler is reportedly talking with General Motors about the possibility of GM's buying the Chrysler group, according to the German magazine Manager Magazin.

The magazine cited company sources as saying the talks were in full swing but still at an early stage.

The report came today as DaimlerChrysler AG said it was open to all options for the Chrysler group. Chrysler today unveiled a restructuring plan as it posted a $1.47 billion loss for 2006. That plan calls for cutting 13,000 jobs in the United States and Canada by 2009.

DaimlerChrysler CEO Dieter Zetsche declined to comment on the report.

"I cannot and will not go into any further details," Zetsche told reporters in Detroit, where he announced the automaker's 2006 results.

A GM spokeswoman also declined to comment on the report.

DaimlerChrysler has retained JPMorgan Chase & Co. to consider options for the Chrysler group, the Detroit News reported this afternoon.

In a report on its Web site, the newspaper quoted unidentified company sources as saying the automaker had hired the investment bank.

Reuters contributed to this report.

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Jeep vs. Hummer is a BIG rivlary these days. I certainly

do not see them merging... but I guess stranger things

have happened I suppose.

They both have a common ancestor and a common heritage in reality.

In any case, you could just about dump the entire D-C-J lineup except the Sprinter, Wrangler, Grand Cherokee, Liberty, Patriot, Caliber, and minivans. Those are the only things really worth a damn.

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I would personally find a way to German and kill everyone that runs Mercedes. Anyway instead of trying to find ways to dump Chrysler they should fix it. It's not that hard. Update the engines, make the 6-speed more available across lineups, simply engine choices in various cars (why does the Avenger and Sebring need 3 engines?) and finally (most importantly) make good interiors. Oh and I guess work on designing nice looking cars again (fire whoever made the Compass and Sebring).

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I only reported what I read. I would not say I "believe" this. This would be more of a headache for GM. The only reason I see do this would be for the minvans and that is a shrinking market. There would be too much overlap , plus GM is not finished fixing it own divisions. It is probably a rumor based on fear. If Dr. Dieter Zetsche from Mercedes Benz/Daimler Chrysler wants the unions to give in, you threaten them will selling Chrysler and play hard ball. I really do not know.. I just have a hard time believing this in the first place.

Edited by NINETY EIGHT REGENCY

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simply engine choices in various cars (why does the Avenger and Sebring need 3 engines?)

IMO, it isn't that they have three engines, its that the midlevel engine blows and the top engine should be the midlevel engine.

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Rather than taking it over and taking their mess, why not just let it go if they are not capable of fighting themselves?

Because I'd rather not see 33% of what's left of the American Automotive Industry

go down the toilet. I'd much rather see Toyota/Lex/Sci, HondAcura, Mitshubishi,

Kia/Hyundai & VW all go out of Business than to loose Mopar.

Oldsmoboi's last point is 75% of the reason WHY I feel that way.

FLY:

You think the Liberty Patriot & Caliber have redeming value but

the Charger, Magnum & 300 do not matter?!?!?! :blink: :blink: :blink:

Edited by Sixty8panther

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:lol:

Aside from the RT vans, I can't really think of what the Chrysler Corp. has that would peak GM's interest.

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Anything is possible.

After all Chrysler does have mini-vans that sell, and are not as expensive as Honda/Toyota

And RWD cars on the road now..the rest of Chrysler autos could be chopped.

who knows?

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FLY:

You think the Liberty Patriot & Caliber have redeming value but

the Charger, Magnum & 300 do not matter?!?!?! :blink: :blink: :blink:

Why would you want a Charger over a G8? A 300 over a new (or in some cases, current) Lucerne? The Magnum just doesn't sell that well.

They don't matter in terms of an aquisition because GM has/will shortly have product that exceeds those vehicles on a GM platform. Even if they were equal (and they're not), dump the older ones.

All the vehicles I listed fill gaps in GM's lineup (SXT Calibers = Vibe GT; minivans) or are just too good to let go (Core Jeep brand). The Sprinter is an excellent companion to GM's cargo/15-passenger vans.

So, no, the LX cars do not matter one bit in this far-fetched, hypothetical, and will-never-happen possibility.

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GM would get nothing but headaches from buying the Chrysler group.

- GM is barely profitable at this point.

- Chrysler is losing money pretty fast.

- Chrysler and Dodge cars compete almost directly with Chevy, Pontiac, Saturn and Buick.

- Buying Chrysler group means getting a bigger chunk of the UAW... Which means more pensions, job banks, and union wages.

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5-cylinder diesel vans are better suited for the EU than the USA but the Sprinter is not the issue.

1. Where was the G8 TWO YEARS AGO when the Charger hit the streets?

2. Dude... never in a million years in an alternate universe would I buy a

Lucerne over a 300C. Never. The Lucerne is quite lame IMHO.

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1. Where was the G8 TWO YEARS AGO when the Charger hit the streets?

Non-issue. Its irrelevent now that GM has a better car on a newer platform. Again, we're talking about mergers and getting rid of overlap and what's best for the highest bidder (i.e. GM). Charger is a fleet princess anyway.

2. Dude... never in a million years in an alternate universe would I buy a

Lucerne over a 300C. Never. The Lucerne is quite lame IMHO.

Dude...doesn't matter. Again, hypothetically, GM has its own models of mediocre Chrysler products. The only worthwhile thing for GM out of this deal would be, I feel, the vehicles I mentioned. What good does the hemi do GM? None. What good does an older Mercedes-sourced RWD platform do GM when its in the beginning stages of ramping up its own? None. What good do two sedans whose volume six-cylinder models end up in fleets and a wagon that no one buys do for GM when they're trying to curtail rental sales? None. This isn't even mentioning the overstocked pickups and midsize cars and SUVs Chrysler can't give away.

Is doesn't matter if OMG TEH LUZERNE IZ TEH SUK!!!! The statement I made was "Those are the only things really worth a damn [to GM]," and regardless of what 'hit the streets' when, those are still the only things worth a damn to GM.

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