General Motors Will Acquisition Chrysler
Tags: Chrysler, general motors, GM, GMAC
, Posted in: Chrysler, GM, News, Author: admin (April 25, 2009)
, Posted in: Chrysler, GM, News, Author: admin (April 25, 2009)
Two U.S. car manufacturer, General Motors and Chrysler LLC reported to hold discussions to explore the possibilities of merging or even the acquisition of the Chrysler by GM.
As reported Wall Street Journal and the Associated Press quoted Saturday (11/10/2008), Careberus Capital Management as the most owner of Chrysler shares, to offer sales to GM. Carebus also has a 51 percent share in the company’s GMAC financing is important due to the crisis. Carebus also plans to reduce shares to be 41 percent.
Meanwhile, the New York Times (NYT) report, the two parties discuss the possibility merger. However NYT not mention the possibility of selling shares in GMAC.
NYT also reported the… Read More…