October 22, 2008

I Called It

And it hasn't even been the 2 years that I predicted!

A person briefed on discussions about selling Chrysler LLC says the automaker could be sold in pieces to other companies.

Chrysler's majority owner, Cerberus Capital Management LP, has been talking with General Motors Corp., the combined companies Nissan Motor Co.-Renault SA and other companies about selling Chrysler.

The person said Tuesday night that many combinations are being discussed. The person asked not to be identified because the talks are private.

It's been all over the papers here (Big Headlines, front page) that GM and Chrysler have been in talks for a merger but todays headlines just confirm what everyone around here knew would happen when Cerberus bought Chrsyler.

Cerberus only bought Chrsyler to tear it up and sell it in pieces to the highest bidder.

Posted by Quality Weenie at October 22, 2008 10:35 AM | TrackBack

It's pretty sad, at least to me... but at least they'll keep Jeep.

I remember you writing about it, too. ;)

Posted by: pam at October 22, 2008 11:56 AM