Reply #34: Wait - read this from Autoblog: [View All]

[ReadTomPaine]

I was ready to agree on Cerberus until I just came across this tidbit:

"The merger of GM and Chrysler would put Cerberus in charge of an "unspecified equity stake" in the GM/Chrysler corporation, making the two-headed automaker the world's largest auto manufacturer, controlling over 35 percent of the U.S. vehicle market, causing rifts among brand faithful and offering more potential for (vehicle) cannibalization than the Donner Party. Not to mention both automakers' labor contracts, supplier dealers and slipping market share. Shocked? We are. And there's undoubtedly more to come."

Now this I don't like one bit.

http://www.autoblog.com/2008/10/10/breaking-gm-and-chrysler-in-merger-talks/