ryanj
Will Chrysler formally merge with Fiat in 30 days?
I'm going to settle this as NO as there has not been a formal takeover or merger of Chrysler by Fiat within the time period specified. It may still occur, but this headline from an article on May 8 states:
Wall Street lenders opposed to U.S. plan to reorganize carmaker throw in towel. Control of company by UAW and Fiat looking more likely.
http://money.cnn.com/2009/05/08/news/companies/chrysler_bankruptcy/?postversion=2009050815
Background:
Chrysler has stated that a framework for a merger has been agreed to in principle in January, but “substantial hurdles” remain.
The initial plan holds that Fiat takes a holding of 20% in Chrysler, and ultimately limited to a 49% stake, a person familiar with the alliance plans said. If the deal goes through Fiat is also rumored to want to start making Fiat models in the U.S.
Within the 30 day period the Task Force is looking for Chrylser must merge with Fiat, develop a new business plan and enter a government-orchestrated bankruptcy to eliminate Chrysler’s debts
Within this 30 day period will Chrylser be able to accomplish this first set of goals laid out by the Obama administration?
Settlement details:As reported by a major mainstream news source.
| Yes |
| |||
| No |
|
- Activity: H$118,046 |
- Predictions: 184 |
Comments: 16
Suspend date: Wed 29th Apr 11:59pm PST
Settlement date: Mon 11th May 9:09am PST
Prediction cut-off: Predictions on this question after Wed 29th Apr 11:59pm PST have been voided because they were made after the question could be settled
Initial likelihoods: Yes: 65%
Action history:
ryanj ryanj: show detailsryanj 
pics4d
: fresh off the wire, not sure if it's enough to settle :) http://cnnwire.blogs.cnn.com/2009/04/30/obama-chrysler-fiat-merger-moving-forward/ pics4d: still just obama saying it... http://news.bbc.co.uk/2/hi/business/8027109.stm pics4d: http://finance.yahoo.com/news/Chrysler-to-get-up-to-8B-from-apf-15087171.html confirmation from fiat in 9th paragraph...sry for all the req's 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin"){kind=icon}
: I'm going to settle this as NO as there has not been a formal takeover or merger of Chrysler by Fiat within the time period specified. It may still occur, but this headline from an article on May 8 states:
Wall Street lenders opposed to U.S. plan to reorganize carmaker throw in towel. Control of company by UAW and Fiat looking more likely.
http://money.cnn.com/2009/05/08/news/companies/chrysler_bankruptcy/?postversion=2009050815
Suspend date: Wed 29th Apr 11:59pm PST
Settlement date: Mon 11th May 9:09am PST
Prediction cut-off: Predictions on this question after Wed 29th Apr 11:59pm PST have been voided because they were made after the question could be settled details 
Get widget!Predictions (184)
infernalmachine![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
predicted No (H$100 at 20%)
horsefeathers
predicted Yes (H$50 at 79%)
bohnanzaComments (16)
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That's it folks, how's that for lateral thinking..
Same for I. You get I.
So, it can be very confusing..
I can rearrange logical, and get illogic.
@pics4d - I appreciate your knowledge of the deal specifics and sharing them with us
At the end of the day, despite having money in the market, I do want the question settled in the correct way - regardless of loss or gain.
http://hotair.com/archives/2009/05/04/senior-creditors-chrysler-deal-violates-5th-amendment/
Thirty days have passed and it's far from a "done deal". Let's settle this before it starts to resemble the Franken - Coleman question. :-)
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