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Business
Analysts: GM would need cash to acquire ChryslerPublished 10/12/08
DETROIT — For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash as part of the deal. Lots of it, according to industry analysts.
With both automakers struggling to survive amid slumping sales, a slowing global economy and an unprecedented credit crunch, it's unclear whether Chrysler's majority owner, Cerberus Capital Management LP, would be willing to pay up, or whether the federal government might even get involved to save one or both struggling automakers.
"There's got to be more in it for GM than just Chrysler," said Erich Merkle, an auto...
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