An Occasional Molling

The fallout from a merger between General Motors and Chrysler LLC will lead to the closure of many as half of Chrysler’s factories and the elimination of nearly all Chrysler models, according to a report released by consulting firm Grant Thornton LLP.

The report comes a day after General Motors canceled a $2 billion . . . → Read More: Report: GM-Chrysler merger likely to decimate Chrysler lineup, trigger more layoffs

Not to oversell the situation, but we may very well be witnessing the end times for Chrysler as an automaker.

One in four salaried workers at Chrysler will be out of a job by year’s end, according to a statement released by Chrysler this morning.

The statement did not identify how many jobs the . . . → Read More: Friday, Bloody Friday: Chrysler to cut 25 percent of salaried workforce

In a move that has angered dealers and strained relations with General Motors, GMAC Financial Services has begun its retreat from the business of financing automobiles.

The first step came on Monday, when GMAC announced it would only offer financing to customers with FICO credit scores of 700 or higher.

Cerberus Capital . . . → Read More: Amidst dealer protests, GMAC seeks quiet retreat from lending business

Just weeks after Chrysler’s EV dog and pony show, majority stakeholder Cerberus Capital Management is courting a deal an effort to sell their stake in Chrysler LLC to General Motors, according to the Wall Street Journal and Reuters.

According to the Wall Street Journal, GM execs are receptive to the notion of a buyout . . . → Read More: Cerberus courting all bidders, may break up Chrysler, Jeep divisions