
GM and Chrysler spent a combined $4.75 billion on marketing last year which funded thousands of jobs, from the CEOs of ad agencies to the guys pasting up billboards on the Interstate. So how would a merger of the two companies affect the advertising industry?
Advertising Age asked several players in the biz what they thought of the idea of Chrysler and GM hooking up and most few positive things to say. The consensus was that GM already has too many brands to promote, adding three more wouldn't benefit anyone. The execs said they would expect GM to at least sell off Chrysler, if not Dodge, too, which would trim GM's ad budget, but also cut the number of marketing firms needed.
read more »