Merger Mania

Reports from the New York Times are that General Motors and Cerberus Management (the owners of Chrysler) are in merger talks. GM has its sights set on the $11 billion-plus in cash reserves Chrysler has, as some industry pundits have predicted that GM could burn through its cash reserves by the second quarter of next year and face bankruptcy if auto sales don’t pick up.

If it happens, the merger would certainly mean the end of the “Big Three”; one way or another many of the vehicles currently being built by either GM or Chrysler would wind up on the cutting room floor. Which models and which brands would survive? That’s the $16,000 question of the moment. Interesting times in which we live!

About National Oil & Lube News

National Oil & Lube News is the fast oil change industry's oldest and largest trade publication. Started in 1986 by Steve Hurt (a former fast lube owner) and David Arrington, NOLN has grown and evolved right alongside the fast lube industry. Here at NOLN, our aim is to help fast lube operators with every facet of their business, from operations to technical issues. Our monthly magazine and this regularly updated website contain everything from technical tips, recall announcements and service guides to articles on handling customer complaints, building your brand and making your business the best it can be. With tips and advice from experts both inside and outside the industry, you're sure to learn something that can help your fast lube business grow and prosper.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s