A few years back, Nissan and partner Renault thought about putting some money behind the idea of a partnership between them and General Motors. The investors hated the idea, of course, and nothing ever came out of it but talk. Now, a few years later, Nissan and Renault are taking a look at another potential partnersip and the analysts aren’t big fans.
I’m talking, of course, about the Nissan and Chrysler partnership. Or at least the idea of it.
Chrysler is held to the tune of 80% by Cerberus Capital Management. The company is in the midst of discussing a deal to be acquired by GM, as carmakers struggle to cope with the worst industry downturn in more than a decade. Car companies are scrambling at this point, with many looking to some of the industry giants for a little assistance. Chrysler is hoping to plug into the bloodstream of General Motors.
As a safeguard, Cerberus Capital Management talked to other companies about potential mergers and handouts, with one of those companies being Nissan. Nissan has since refused to pay cash for Chrysler, which may provide a big of a monkey wrench to the plans of Cerberus.
Nevertheless, it says something about Nissan’s standing in the world of automakers that a company like Chrysler would come to them for help. For more information about this situation or any Nissan cars, drop by the Nissan website or your local dealership today.











