Maybe a peek in to Chrysler's future,GMAC stops lending to Mervyn's,and they all part owned by Cerberus.

[Toyota.vs.GM]

Let's see....Cerberus and other private equity owneds Mervyn's

Cerberus and GM are the owners of GMAC

GMAC stopped approving orders of merchandise for Mervyn's

And now Mervyn's faces bankruptcy

So that leaves only one thing for Cerberus to do

Cerberus going to pull the plug on Mervyn's

So what makes some members here think Cerberus won't do the same to Chrysler.Chrysler needs $10 billion for Veba,plus Chrysler has debt due in 2010.

More here

Edited July 22, 2008 by Toyota.vs.GM

[CMG]

LOL!!!!

Toss it in the Chrysler forum with the rest of the "speculation" posts there....

:AH-HA_wink:

[Toyota.vs.GM]

LOL!!!!

Toss it in the Chrysler forum with the rest of the "speculation" posts there....

:AH-HA_wink:

No,because owns the other 49 percent of GMAC,and was the full owner of GMAC.

[daves87rs]

Mervyn's has been a crappy retailer for years..no surprise there.

Not sure about Chrysler, be it looks like the Gap is next....

[CMG]

No,because owns the other 49 percent of GMAC,and was the full owner of GMAC.

I know, but you'll get the "right crowd" in the other forum....

:AH-HA_wink:

LOL!