by Daniel_Plainview » Fri 31 Oct 2008, 23:14:16
$this->bbcode_second_pass_quote('', '"')Chrysler as we know it will cease to exist very soon," says auto consultant Kimberly Rodriguez of Grant Thornton, which predicts half of Chrysler's 14 factories will close. *** So why would GM want a worthless automaker? Well, it certainly isn't about Chrysler's cars. It's about the cash. Chrysler said it had $11.7 billion in the till this summer, and GM desperately needs that money to survive. It also wants to get rid of one of its crosstown rivals so it doesn't have to match the outrageous rebates Chrysler puts on its models any more. "The real reason GM is doing this is to get their hands on that cash," says auto economist Sean McAlinden of the Center for Automotive Research, "and to put their competitor down. It's called 'buying the business.' In that way, you save GM."
Chrysler is a gone dog.