RangerM Posted June 20, 2009 Share Posted June 20, 2009 Link DETROIT — Last year, when Chrysler LLC approached General Motors Corp. about a possible merger, many auto industry watchers scratched their heads and wondered: Why? The idea of a GM-Chrysler union kept coming up, even though many saw little efficiency to be gained — at least in the short term. Testimony and filings in the GM and Chrysler bankruptcy cases show GM’s motivation: money. William Repko, a Wall Street financial adviser for GM, told the U.S. Bankruptcy Court in New York that when GM was struggling to get the lending it needed last year, it saw a Chrysler deal as a way to get banks to pony up more cash...... Quote Link to comment Share on other sites More sharing options...
TomServo92 Posted June 20, 2009 Share Posted June 20, 2009 Another bad business decision by the GM brass. Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted June 20, 2009 Share Posted June 20, 2009 Well, it sure wasn't product. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted June 20, 2009 Share Posted June 20, 2009 Same managers + same products + more cash = same outcome with new casualties.... Quote Link to comment Share on other sites More sharing options...
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