Chrysler Corpse

Things are bad at GM -- sales down almost 20 percent -- and open talk about the possible amputation of under-performing/overlapping brands such as Pontiac, GMC and maybe Saturn and Buick, too. But the diagnosis is much worse for Chrysler Corp. Some analysts believe that unless a transfusion of money and other resources can be found via a buyout or partnership with a healthy automaker such as Nissan/Renault (or even the Chinese), Cerberus -- the private company that currently owns the sickly husk of Chrysler Corp -- will cut its losses and dump the whole shebang. Time frame? A year, at the most. Maybe less than six months. Unlike GM and Ford, which are still publicly traded corporations, Chrysler is little more than an asset (a liability, actually) held by Cerberus -- which can decide tomorrow night if it wants to that it's... [read full story]