Here's a story that's of interest to every plastics component supplier in the automotive market. Our sister paper, Automotive News, has a story on the Web today that General Motors Corp. is in negotiations to buy Chrysler from its German parent company. "High-level talks are taking place between DaimlerChrysler AG and GM executives," the story says. "Although the two companies have discussed cooperation on a large SUV, say sources at both companies, the potential deal would go beyond limited product development alliances." GM spokesman Tony Cervone is quoted declining comment, but adding: "We have always said that conversations (between GM and many other parties) have happened all the time, and many times they don't come to fruition." A DaimlerChrysler AG spokesman declined comment, and the story adds that some sources have reacted skeptically. Changes are definitely coming to Chrysler: DaimlerChrysler Chief Executive Officer Dieter "Dr. Z" Zetsche said last week that the company was open to all options, including a sale. If GM buys Chrysler, I'd expect to see the some big changes, relatively quickly, in the companies' supply chains.
Big news: GM buying Chrysler?
Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]
The only North American conference targeting plastics caps and closures makers, the Plastics Caps & Closures conference, held Sept. 9-11, 2019, in Chicago, provides a hotbed of discussion on many of the top innovations, process and product technologies, materials, trends and consumer insights that influence both packaging and caps and closures development.