Although General Motors (GM) is pursuing a late deal to acquire Chrysler, several industry insiders say the deal is far from coming together because the two companies can't find enough investors to back the deal. GM and Chrysler, along with Chrysler's parent company, Cerberus Capital Management, have been talking to investors about the broad benefits a combined company would provide. So far there aren't many takers.
A combined company would work, company officials say, because it would give GM a larger stake in the auto market, and also save a lot of money because of plant closings, job cuts and other efficiencies of scale. It would also provide the company with an estimated $30 billion in cash for reserves.
The rest of the industry will have to wait to see if there is any kind of government intervention to spurr along any such deal. Right now, though, there are very few lenders jumping at the chance to get involved with the deal. Many GM and Chrysler drivers use LeaseTrader.com as a way to either get out of a car lease, or takeover one.
This story posted by LeaseTrader.com, the automotive service company that lets people transfer out of their Car Leases early. If you're looking to swap a lease or transfer out of your car lease, please visit www.leasetrader.com