[Ericthejet]

Wow!

Media outlets in the U.S. are reporting that General Motors and Chrysler LLC are in preliminary talks about a possible merger.

The New York Times is reporting that talks between GM and Cerberus Capital Management, which owns Chrysler, were initiated last month. The negotiations are apparently uncertain to produce a deal.

A Wall Street Journal article, however, says that merger talks have been suspended due to the financial-sector economic crisis, which sent international markets tumbling this week. On Thursday, GM lost 31 per cent of its value.

The New York Times said it spoke to two people close to the talks and the sources put the chances of a merger at "50-50."

The paper also reported that Cerberus, a private equity firm, is also in talks with other automakers including Nissan and Renault.

"Without referencing this specific rumor, as we've often said, GM officials routinely discuss issues of mutual interest with other automakers," GM spokesman Tony Cervone said, according to The Associated Press.

"The company is looking at a number of potential global partnerships as it explores growth opportunities around the world," Chrysler spokeswoman Lori McTavish said.

"Beyond those partnerships already announced, however, Chrysler has not formed any new agreements and has no further announcements to make at this time."

[SilverGhost]

I read about this today in the NY times.. I don't know if its good or not.
I will never buy another Chrysler. I owned 3 Dodge trucks the last one I leased.
They tried to F$%# me over at the end I am still dealing with it.

[Stoneman]

I'll believe this one like I believe the Toyota/GM merge bullshit...

Wait...what?

[SVRACER01]

if they do ill never buy another dodge. ive got a Ram and a Caliber, so far so good. GM puts their grimy hands in there and ill go to Toyota or Nissan...or worse yet...back to Ford

[Cerberus]

its all gone to hell..
i was born and raised a chevy man.. and that chryslr was evil with their pentagram in their logo..

if they merge i'm stuck with Ford as a domestic automaker i can respect..
..as if that makes any damned sense.

[Manny]

It somehow makes perfect sense if you are management: Ive got tons of my own problems..... what better way to fix them than by doubling them!