GM and Chrysler are moving in on a deal that could result in a GM/Chrysler mergers causing as many as half of Chrysler’s factories to close and about seven of the Cerberus owned company’s models to be wiped out.

According to a report by consulting firm Grant Thornton LLP, the deal would cause a loss of about 100,000 to 200,000 jobs between the two companies, suppliers and other involved in the development of Chrysler vehicles. Grant Thornton LLP says that a deal could be reached as soon as Election Day on Nov. 4.

Chrysler has already announced the sale of its Viper business. Grant Thornton says that an additional four plants will close along with the two closings already announced. Models that could be discontinued include the Chrysler Sebring, Dodge Avenger, Jeep Liberty, Dodge Nitro and the Dodge Ram pickups.

After GM/Chrysler merge, the new company will own about one-third of U.S. automotive sales.

 

Source: Automotive News (Subscription Required)


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  • beeoh

    if they are to merge, here is what i say. chrysler continues to produce family cars and vans but keep it on the midscale (face it chrysler – you are not high end). dodge will produce sporty cars i.e. r/t and srt's. jeep will resume as is.

  • ty

    that's it, if this happens I'm throwing my dodge cap away

  • 01raptor

    GM will take the Jeep brand and the mini vans along with $10 billon chrysler has and dump everything else,

  • 01raptor

    GM will take the Jeep brand and the mini vans along with $10 billon chrysler has and dump everything else,