Obama: I'll meet with Detroit automakers immediately!

Gordon Trowbridge / Detroit News Washington BureauDemocratic presidential nominee Barack Obama said Thursday he would immediately meet with the heads of Detroit's automakers and union once he takes office, telling NBC News, "We do need American cars."...

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The Fed's Say No To Auto Industry Bailout Merger! What is next for the GM Chrysler Merger?

The Fed's Say No To Auto Industry Bailout! What is next for the GM Chrysler Merger?The latest rumor is that the Feds might consider a bailout plan that doesn't cause massive job cuts! Possibly a bailout deal created for both car companies would be more...

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GM, Chrysler merger talks on hold after aid hopes fade

By Jui Chakravorty Das and Kevin Krolicki, Reuters A deal to merge General Motors (GM) and Chrysler has hit an impasse after the Bush administration ruled out funding for it, three people with direct knowledge of the talks said. This puts any merger...

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210,000 Jobs Effected---Joe Auto Worker Is In Trouble!

From Gm-Chrysler-Merger.ComThe rumors are swirling inside the two automakers General Motors and Chrysler! The deal is coming they just don't know when! Sources have told us that if the deal goes through, GM and Chrysler will cut jobs. All the job cuts will not just be from the Chrysler side. We think GM could get a buyer for Hummer, cut back their...

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Latest From The Detroit News-Investors Are Warming Up To The GM Chrysler Merger

Securing fed aid could pave way for private financing of complex deal.Christine Tierney and David Shepardson / The Detroit NewsPrivate investors have shown interest in General Motors Corp.'s proposed acquisition of Chrysler LLC and may help finance the...

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AP source: Issues resolved in GM-Chrysler talks

By TOM KRISHER – 2 hours ago DETROIT (AP) — Several issues standing in the way of General Motors Corp. acquiring Chrysler LLC have been resolved, but others remain including the big one: how to finance the deal, according to two people who have been briefed on the talks.Both people said GM's management, including CEO Rick Wagoner, would remain in place...

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Hot Rumor-The GM Chrysler Merger Is Happening!

Latest reports are that the Gm Chrysler Merger is happening!Gm will keep some of the Chrysler Car Line and Nissan my get the Dodge Trucks!We will dig for more concrete reports on this rumor!Stupid Daily News---Political Roast----Lingerie Football P...

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GM CHRYSLER MERGER-Will The Feds Help?

While all parties involved with the General Motors and Chrysler merger await any news, the auto analyst believe the deal is coming. The rumors and reports indicate the deal is done, but still nothing official! It seems the merger is hinging on an influx...

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GMAC seeks bank status for rescue funding

Report: Auto finance company wants access to $700 billion bailoutWASHINGTON - GMAC, the auto finance and mortgage company, is seeking to become a bank holding company in order to access the government’s $700 billion financial rescue plan, the Wall Street...

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Latest On The GM Chrysler Merger

GM and Chrysler discuss altering deal to save jobs and receive aidDETROIT: General Motors and Chrysler's owners are discussing a merger that would keep some of Chrysler's operations intact and save jobs, with the intent of securing the U.S. government financial aid that the high-stakes deal would require, people familiar with the talks said.A merger...

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Chrysler cuts may help deal with General Motors!

With the cuts being made at Chrysler And GM, Are they rightsizing the companies to make the merger???Latest from Detroit News Auto Reporter:Trimming 5,000 salaried jobs may make it more attractive to GM or other potential suitors.Alisa Priddle, Bryce...

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Cerberus and Mr. Invisible-Stephen Feinberg

The founder of Cerberus Stephen Feinberg is one of the most elusive men in America. Hardly any photos can be found of him! Try and find some! Good luck!See more Car Pictures at CarSpace.comSince graduating from Princeton 25 years ago, Feinberg has never...

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Who Is Cerberus Capital Management and Steve Feinberg?

Cerberus Capital Management, L.P. is one of the largest private equity investment firms in the United States. The firm is based in New York City, and run by 48-year-old financier Steve Feinberg. Former U.S. Vice President Dan Quayle has been a prominent...

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Cerberus Isn't Seeking GM Management Changes in Chrysler Merger

By Mike RamseyOct. 25 (Bloomberg) -- Chrysler LLC owner Cerberus Capital Management LP isn't seeking to remove General Motors Corp. leaders including Chief Executive Officer Rick Wagoner in a merger of the automakers, a person familiar with the talks...

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Will The Big Three Ask The UAW To Re-Open The 2007 Contract?

More buyouts will not help automakers shed more workers, Gettelfinger saysLouis Aguilar / The Detroit NewsDETROIT -- United Auto Workers President Ron Gettelfinger said he didn't think another round of buyouts would help automakers shed more of their...

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Part 2-GM, Cerberus step up Chrysler sale talks: sources

Both parties remain interested in reaching a deal, but GM is working to clarify Chrysler's pension liabilities and the risk the automaker's suppliers could face from a merger, the sources said.Analysts and others close to the talks have suggested that 30 percent of Chrysler's current suppliers could be at risk if GM completed an acquisition and worked...

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GM, Cerberus step up Chrysler sale talks: sources

By Jui Chakravorty Das and Kevin KrolickiNEW YORK/DETROIT (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) has intensified talks to buy Chrysler LLC's auto operations from Cerberus Capital Management in a deal that would also...

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Chrysler Cuts 25% Of It's White Collar Workforce

Chrysler to cut 5,000 white-collar workersAlisa Priddle and David Shepardson / The Detroit NewsChrysler LLC plans to cut 5,000 of its 17,300 salaried and contract workers worldwide by Jan. 1, a deep cut that cannot be done without some involuntary layoffs,...

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GM-Chrysler merger and Cerberus--Very Little Options!

RPT-DEALTALK-Options scarce if GM-Chrysler merger talks failDETROIT, Oct 22 (Reuters) - As General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) pushes ahead with talks to acquire Chrysler LLC, uneasy suppliers and workers are bracing for...

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Cerberus cut off investment on Chrysler's vehicle development beyond 2010

Jim Press says, "We Will Be Here" and Bob Nardelli Say's the Merger reports are rumors!Sell, Sell, Sell!FROM BAD TO WORSEOne reason for Cerberus to press for a quick deal is that the private equity firm has effectively cut off investment on Chrysler's vehicle development beyond 2010, analysts said."Time will not be their friend," said Kimberly Rodriguez,...

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Chrysler's Jim Press downplays sale talk

Chrysler's Press downplays sale talkTom Krisher / Associated PressDETROIT -- Reports that Chrysler LLC is being shopped for sale by its owners are just speculation, a top Chrysler executive said Wednesday night. Vice Chairman and President Jim Press...

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Chrysler to close factory, cut shift at another

Chrysler to close factory, cut shift at anotherTom Krisher / Associated PressDETROIT -- Chrysler LLC says it will eliminate one shift at a Toledo, Ohio, Jeep plant and accelerate the closure of its sport utility vehicle factory in Newark, Del., because of the slowing global economy and a continuing shift toward smaller vehicles. About 825 workers at...

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This is why the deal will be done! Bob Nardelli and George Bush

This is why the GM Chrysler Deal Will Be Done! Bob Nardelli is pushing to get the merger through before Nov. 4th! He is George Bush's Buddy!During his tenure at The Home Depot, Nardelli met President Bush at the White House in 2002 and was appointed...

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What Is Next For The Big Three? Will They All Fail?

Since the report one week ago that Cerberus is dumbing Chrysler, the public and employees have gotten a better view of the financial mess the Big Three are facing.From all the reports it looks like they are all going to collapse and must consolidate...

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In addition to Nissan/Renault, Chrysler has been talking with Tata, Fiat

Bob Nardelli, Chrysler's current CEO, has given his employees the closest thing to an admission as we are likely to see that the company has been in serious negotiations with other automakers regarding future product plans and possibly even mergers....

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Is Chrysler Going To Be Ripped Apart?

The reports about Chrysler are all across the board, auto analysts are just taking wild guesses about Cerberus's next move.Now we are hearing reports that Chrysler is in talks with Tata, Nissan and General Motors!Who is going to jump in the Frey next...

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Reuters Reports:Nissan Wants 20 Percent Of Chrysler

TOKYO (Reuters) - Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) is proposing to buy about 20 percent of Chrysler and bring the troubled U.S. automaker into the Franco-Japanese alliance with Renault SA (RENA.PA: Quote, Profile, Research,...

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I Can See Why Nissan Wants Dodge To Build Their truck!

Cerberus has been in talks with Nissan for months about Dodge building the next Nissan truck! Well Dodge knows trucks, infact Dodge is the Dodge Truck. The brand in the last 20 years has really been built around the Dodge Ram and for good reason. In 1994 the Dodge Ram truck really gained market share with it's new redesign and hasn't looked back!Here...

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A Closer Look At The 2009 Dodge Ram R/T

What a Hot looking truck! The Black 2009 Dodge Ram R/T!Stupid Daily News---Political Roast----Lingerie Football P...

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A Look At The Truck Of The Year! Dodge Ram 2009

Here is a look at the Best Dodge Ram Ever Built."We put a truck on the market that tripled our market share," said Ralph Gilles, Vice President – Jeep®/Truck Design Studio, Chrysler LLC. "Our design was polarising — people loved it or hated it. But the...

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Detroit News---GM To Sell Dodge To Nissan???

Some auto analysts say sale of Chrysler's Dodge truck business makes sense.Alisa Priddle / The Detroit NewsNissan Motor Co. needs full-size trucks and Chrysler LLC could spin off a chunk of its Dodge truck business to fill that need, analysts say. Despite...

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Nissan seeks Chrysler stake

The Detroit News Reports:Ghosn's proposal: Chrysler would be partner with Renault-NissanChristine Tierney, Robert Snell and David Shepardson / The Detroit NewsThe Renault-Nissan alliance is proposing to acquire around 20 percent of Chrysler LLC and bring...

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Carl Levin: Fed could aid a merger Chrysler and GM

Levin: Fed could aid a mergerSenator says that if a Chrysler pairing with another carmaker needs help, it should be offered.Deb Price and Gordon Trowbridge / Detroit News Washington BureauDETROIT -- Sen. Carl Levin on Monday suggested that the federal...

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For Chrysler It's GM, Nissan or Bankrupt!

Detroit Local Media Channel 4 WDIV is reporting That Chrysler is also in Talks with Nissan about a merger. Cerberus has made up it's mind, someone is going to buy Chrysler or it is going bankrupt.Make sure you subscribe to this sites feed via email.It has all the major media feeds coming to this site, AP, Reuters, Auto News, Detroit News, CNN and The...

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Latest News On The GM Chrysler Merger-Detroit News

Chrysler sale could chill Michigan economyPossible deal puts jobs, housing, taxes, image at riskLouis Aguilar, Alisa Priddle and Catherine Jun / The Detroit NewsMichigan, mired in a one-state recession for five years, now faces additional anxiety: the...

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