Gossip: GM think about buying Chrysler?
The big gossip today is about Chrysler, again. After cutting 13,000 jobs, Chrysler Group seems to look a lot better to investors, so interesting that GM is talking to Daimler about a possible buyout.
No word about price so far, but analyst are talking about $1, yes one dollar. The reason is simple, with so much debts and problem, Daimler simply want to dump Chrysler into the Ocean and not hear about ever again.
So keep watching the news today to see if the 2008 Chevrolet Camaro will kill its Dodge competition before it sees the light.
In the meantime, GM and Chrysler stocks are going up.