Rumor: GM To Buy Chrysler
Chrysler is looking to be sold ASAP and there are rumors going around that GM might be interested. Diamler-Chrysler was supposed to be a “marriage made in heaven”. This marriage like most in America looks like it’s headed towards divorce. Diamler the breadwinner in the family is being dragged down by the slacking Chyrsler, which posted a nearly $1.5 billion loss last year. On top of that Chrysler just announced its cutting 13,000 jobs in the US. Go US economy!
Few options on the table right now are… try and attract some foreign car makers, I bet the chinese would like to enter the US market with a heavy foot or maybe even spin off Chrysler on to the stock market. I’m putting my money on a European car maker buying a majority stake in Chrysler, someone like VW.
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