The news has brought favorable effect on DaimlerChrysler?s stocks which rose to a significant degree. The same goes for GM shares although it slipped at first but was able to recover and moved higher in the end. DaimlerChrysler shares have increased by 3.5% to .72 in midday trading on the NYSE while GM shares rose by 19 cents and closes at .63.
Automotive News has cited unnamed source in Germany and the United States saying that the two automakers engaged in high-level transaction with topics such as buying the Chrysler Group in its entirety.
Reuter?s source however said that the possibility of whether GM would want Chrysler?s finance business is very slim considering the fact that it has recently sold its own finance arm. Various speculations on the possible sale or spinoff of Chrysler have started when DaimlerChrysler Chief Executive Dieter Zetsche announced recently that all options were open for its struggling North American unit.
A great number of analysts are skeptical about GM?s possible acquisition of the Chrysler Group. They are questioning the benefits that General Motors would obtain out from such a buyout. It should be noted that both automakers are currently struggling with their excess production capacity Jordan Hicks Womens Jersey , plunging sales - add to that their heavy exposure to trucks and sport utility vehicles.Top Searches - Trending Searches - New Articles - Top Articles - Trending Articles - Featured Articles - Top Members
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