Autoline on Autoblog with John McElroy

[jamz]

Filed under: Chrysler, LLC., GM, Autoline on Autoblog
GM-CHRYSLER, WHAT ARE THEY THINKING?

The headlines say General Motors is feverishly putting a plan together to take over Chrysler. From my standpoint, only two theories can explain why this is happening. Either the billionaire boys from Cerberus have a master plan to revamp the American auto industry, or they are in so far over their heads that they don't know what they're doing. More on that in a minute.

If GM does take over Chrysler, then Walter P. Chrysler will be turning in his grave. After all, Walter P. quit GM back in 1919 because he didn't like the direction in which the company was going, and later went on to start the company that still bears his name.

A takeover of Chrysler will be the kiss of death for the company. The only way GM can justify taking it over will be to take an axe to its operations. You think Chrysler has shriveled to a shadow of its former self over the last two years? You ain't seen nothin' yet.

John McElroy is host of the TV program "Autoline Detroit" and daily web video "Autoline Daily". Every week he brings his unique insights as an auto industry insider to Autoblog readers. Follow the jump to continue reading this week's editorial.Continue reading Autoline on Autoblog with John McElroy


Permalink | Email this | Comments

More...