FACTBOX: Key facts about General Motors and Chrysler
(Reuters) - General Motors Corp and Chrysler LLC have been in preliminary talks about a merger, according to a source briefed on the matter.
A merger would unite GM, the No. 1 U.S.-based automaker, with No. 3 Chrysler, both struggling amid a 15-year low in U.S. auto industry sales and market share losses that have left them with far too much production capacity in North America.
A combination of GM, whose stock fell to a nearly 60-year low of $4 last week, and Chrysler -- now about 80 percent-owned by private equity firm Cerberus Capital Management -- would create a company with too many factories, dealers, vehicle models and very similar product lines, according to analysts.
As a result, such a merger would lead to massive job losses, plant closings and elimination of brands and vehicle lines, analysts said.
GM and Chrysler both have extensive pickup truck and SUV lineups in North America and are in the midst of multiyear restructuring, which includes cost cuts and asset sales to raise cash.
Following are some key facts about GM and Chrysler.
General Motors
* Headquarters: Detroit
* Financials: GM has posted losses of $18.7 billion through the first half of 2008 and announced plans to increase liquidity by $15 billion through 2009 with $10 billion of cost cuts and $5 billion of asset sales and borrowing. GM ended the second quarter with $21 billion of cash and $5 billion of undrawn credit.
* Employees: About 266,000 worldwide at the end of 2007, including 139,000 in North America.
* Facilities: Over 160 worldwide.
* Brands: Chevrolet, Pontiac, Saturn, Buick, Cadillac, Hummer, Saab, GMC, GM Daewoo, Holden, Opel, Vauxhall and Wuling.
* 2008 sales: U.S. sales were down 17.6 percent through September. Through June, global sales were down 2.9 percent at 4.54 million vehicles. GM updates global sales figures later in October.
* Key products and U.S. sales through the end of September
- Chevy Cobalt compact car: 162,462 units, up 6.3 percent
- Chevy Malibu mid-size car: 140,555 units, up 37 percent
- Chevy Silverado pickup: 370,502 units, down 22.5 percent
- Chevy TrailBlazer SUV: 65,281 units, down 36.9 percent
- The GMC Envoy SUV: 20,977 units, down 44.1 percent
- The SAAB 9-7X SUV: 2,834 units, down 29.8 percent
Chrysler LLC
* Headquarters: Auburn Hills, Michigan
* Structure: Run by private equity group Cerberus Capital Management, which acquired an 80.1 percent stake in the company in August 2007 from Daimler AG. The German automaker still owns 19.9 percent of Chrysler.
* Financials: Chrysler earned $1.1 billion before interest, taxes, depreciation and amortization through the first half of the year and had $11.7 billion in cash at the end of June. As a private entity, Chrysler is not required to disclose detailed financial information.
* Employees: 66,409 as of June 2008.
* Plants: 14 assembly plants, 10 powertrain plants, four stamping operations and five manufacturing affiliations outside North America.
* Brands: Chrysler, Jeep and Dodge.
* 2008 Sales YTD: 2008 U.S. sales down 25 percent at 1.18 million vehicles; Worldwide sales in 2007 were 2.7 million.
* International sales: Relies on North America for more than 90 percent of its new vehicle sales.
* Key products and U.S. sales through the end of September
- Dodge Caliber small car: 74,069 units, down 8 percent
- Dodge Avenger mid-size car: 53,828 units, down 9 percent
- Dodge Ram pickup truck: 196,048 units, down 29 percent
- Jeep Grand Cherokee SUV: 57,333 units, down 39 percent
- Jeep Liberty SUV: 54,293 units, down 21 percent
- Dodge Nitro SUV: 30,071 units, down 46 percent
(Reporting by David Bailey, Poornima Gupta and Soyoung Kim in Detroit; Editing by Peter Cooney and Jan Paschal)
