October 11, 2008

General Motors and Chrysler Talking (General Mopar)

Autoblog is reporting that GM and Chrysler are in talks about a possible merger. Looking for art work to go with this story, I found this one from February 2007, when rumors were circulating of GM's possible take over of Chrysler after Daimler decided to cut their losses and run. I'm not really in the mood to talk about my thoughts on the possibilities of General Mopar becoming the next big automotive story. GM is already the world's largest automotive company, with huge cash flow issues. Right now, they're in the news trying to sell there HQ for $500 million. They bought it 5 or 6 months ago for $626 million. There's a quick $126 million loss. (Glad I don't have stock with those idiots.) They're also talking about unloading other divisions, like Hummer and their medium-duty trucks. GM could benefit from the Charger, Challenger, and other cool cars like these that Chrysler (Dodge) would offer them. GM could get back into the Taxi/Cop car business. It can't be a bad thing to have a big car that is purchased in bulk by huge agencies like the CHP or New York cabbies. Anyway, I don't get it. Why do companies that get so large lose site of smart decision making?