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Toyota.vs.GM

Maybe a peek in to Chrysler's future,GMAC stops lending to Mervyn's,and they all part owned by Cerberus.

5 posts in this topic

Let's see....Cerberus and other private equity owneds Mervyn's

Cerberus and GM are the owners of GMAC

GMAC stopped approving orders of merchandise for Mervyn's

And now Mervyn's faces bankruptcy

So that leaves only one thing for Cerberus to do :scratchchin:

Cerberus going to pull the plug on Mervyn's

So what makes some members here think Cerberus won't do the same to Chrysler.Chrysler needs $10 billion for Veba,plus Chrysler has debt due in 2010.

More here

Edited by Toyota.vs.GM

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CMG    1
No,because :gm_logo: owns the other 49 percent of GMAC,and was the full owner of GMAC.

I know, but you'll get the "right crowd" in the other forum....

:AH-HA_wink:

LOL!

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