USAToday reports that Chrysler and GM push to finalize their merger before the presidential election.
"If they do come together, they really do become too big to fail," says David Cole, chairman of the Center for Automotive Research.
Size in human terms of Chrysler GM merger.
Refreshingly, GM has some awesome plans for Chrysler’s employees and customers after the merger:
Chrysler workers would be vulnerable if the GM deal goes through. GM wants to use Chrysler’s $11.7 billion in cash to shut down most of Chrysler’s operations while keeping its brands, the source says
As you know, I believe that you get more of what you reward and less of what you punish. Companies know that. Hence, these companies try to come together to become something big enough to join the governmental feast in my wallet.
October 28th, 2008 at 11:19 am
[...] that GM wants Chrysler’s 11.7 billion in cash so they can get rid of those pesky Chrysler employees : Chrysler workers would be vulnerable if the GM deal goes through. GM wants to use Chrysler’s [...]