RE: [Chrysler300] Fw: Chrysler to take over GM - Dow Jones Newswire....

["Rich Barber" <c300@xxxxxxx>]

Googling generated a lot of hits, including this one.  The ghost of WPC may
be vindicated yet.

http://tinyurl.com/cydplu

C-300'ly,
Rich Barber
Brentwood, CA (Sunny, windy & cool)
1955 Chrysler C-300 (just cool)

-----Original Message-----
From: Chrysler300@xxxxxxxxxxxxxxx [mailto:Chrysler300@xxxxxxxxxxxxxxx] On
Behalf Of Hi Tech Auto Parts
Sent: Sunday, March 22, 2009 5:14 PM
To: Wayne Graefen; Intl 300
Subject: Re: [Chrysler300] Fw: Chrysler to take over GM - Dow Jones
Newswire....

I guess a camaro would be  better improved with a HEMI in it...!!!!!!!!!!!!
 Geoff...NZ..
  ----- Original Message ----- 
  From: Wayne Graefen 
  To: Intl 300 
  Sent: Monday, March 23, 2009 11:50 AM
  Subject: [Chrysler300] Fw: Chrysler to take over GM - Dow Jones
Newswire....




  As far as I can tell this is not a joke. I got this from a friend who is
retired from the industry. Anyone else know anything on this?
  Wayne G
  ----------------------------------------------------------

  Update: Auto Task Force Could Announce take over of GM by Chrysler Next
Week 

  03/19 8:30 am (DJN) 

  (Adds comments by Chrysler CFO Ron Kolka) 

  By Josh Mitchell Of DOW JONES NEWSWIRES 

  WASHINGTON -(Dow Jones)- Members of President Barack Obama's auto task
force told U.S. lawmakers that it might make an "illuminative" announcement
as early as next week on bailout requests by General Motors Corp. (GM) and
Chrysler LLC, an auto-industry ally on Capitol Hill said Wednesday. 

  During a meeting this week, task force members told lawmakers to expect
"something very illuminative" possibly next week, Rep. Candice Miller,
R-Mich., told reporters during a conference call. 

  The White House doesn't relish playing matchmaker: The U.S. already has
doled out $13.4 billion to GM and around another $4 billion to Chrysler. But
President Obama sees combining two of the former Big Three as the best bet
to rescuing the automakers and hundreds of thousands of jobs tied up in the
companies in addition to weaning them off of what's now federal cash life
support. 

  Chrysler had been meeting with the Treasury Department's auto task force
to discuss the take over of GM which is being led by Cerberus. Further talks
will be held to assess the company's financial position, said the official,
who asked not to be named because the deliberations are private. The
official stated, "Chrysler definitely is leaner and more efficient than GM.
GM could definitely benefit from the team at Chrysler that reduced manpower
and cut costs significantly".

  Chrysler is in a better position to deal with the recession and is a safer
investment for taxpayers than General Motors Corp., said Ron Kolka , chief
financial officer. 

  A Chrysler spokeswoman declined to comment.

  Miller said any announcement may not necessarily involve a final decision
by the task force but that it "could certainly give us a bit of a road map
of where their recommendations may lead." 
  The task force is considering requests by GM and Chrysler for almost $22
billion combined in new loans. GM and Chrysler are supposed to submit
updated restructuring plans, including concessions by union workers and
debtholders, by March 31. 
  The task force is also considering a request by auto parts suppliers for
aid programs totaling $25.5 billion. The request by the suppliers, many of
which serve multiple auto makers, is believed to be more pressing.. 

  -By Josh Mitchell, Dow Jones Newswires; 202-862-6637;
joshua.mitchell@xxxxxxxxxxxx Adds other benefit differences in sixth
paragraph) (Adds other benefit differences in sixth paragraph) 

  [Non-text portions of this message have been removed]


  

[Non-text portions of this message have been removed]



------------------------------------

To send a message to this group, send an email to:
Chrysler300@xxxxxxxxxxxxxxx

For list server instructions, go to
http://www.chrysler300club.com/yahoolist/inst.htm

For archives go to http://www.forwardlook.net/300-archive/Yahoo! Groups
Links








------------------------------------

To send a message to this group, send an email to:
Chrysler300@xxxxxxxxxxxxxxx

For list server instructions, go to http://www.chrysler300club.com/yahoolist/inst.htm

For archives go to http://www.forwardlook.net/300-archive/Yahoo! Groups Links

<*> To visit your group on the web, go to:
    http://groups.yahoo.com/group/Chrysler300/

<*> Your email settings:
    Individual Email | Traditional

<*> To change settings online go to:
    http://groups.yahoo.com/group/Chrysler300/join
    (Yahoo! ID required)

<*> To change settings via email:
    mailto:Chrysler300-digest@xxxxxxxxxxxxxxx 
    mailto:Chrysler300-fullfeatured@xxxxxxxxxxxxxxx

<*> To unsubscribe from this group, send an email to:
    Chrysler300-unsubscribe@xxxxxxxxxxxxxxx

<*> Your use of Yahoo! Groups is subject to:
    http://docs.yahoo.com/info/terms/