Chrysler dealers aren’t celebrating much with sales falling 35 percent Oct. However, dealers were glad to learn on that GM had called off talks with Cerberus Capital Management for a possible acquisition of Chrysler.
“Being with GM would have been like being an adopted stepchild,” Chuck Fortinberry, owner of Clarkston Chrysler-Jeep in Clarkston, Mich. told Automotive News. “We’re better off if we can get through this on our own than if we get sucked into a big conglomerate.”
Chrysler dealers favor an industry bailout to survive rather than merging with another rival. Nonetheless, Rick Wagoner was clear that he didn’t want to kill the possibility of a GM/Chrysler future. The GM CEO said: “We’ve set aside such (acquisition) actions as a near-term priority.”
Nonetheless, Chrysler dealers will be disappointed to know that Cerberus is also looking to restart talks with Renault/Nissan and has also talked to Korean automaker Hyundai.