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View Full Version : GM, Chrysler Re-Start Talks Over Possible Merger, WSJ Says


leistb
12-18-2008, 12:55 AM
GM, Chrysler Re-Start Talks Over Possible Merger, WSJ Says

By Dave McCombs


Dec. 18 (Bloomberg) -- General Motors Corp. and Chrysler LLC are again in talks to merge as Cerberus Capital Management LP, which owns Chrysler, has signaled that it's willing to give away part of its ownership, the Wall Street Journal reported, citing people familiar with the discussions.
Cerberus made the effort to restart the negotiations with cash becoming scarce at both automakers, the report said.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aGyRa9gq.f10&refer=home