GM, Chrysler Deep Into Merger Talks
GM and Chrysler are quietly seeking a merger deal that would create the world’s largest car maker and reshape the auto industry. Talks between GM and Cerebrus Capital Management, which owns Chrysler, have a 50% chance of succeeding, sources tell the New York Times. Other sources say the deal has stalled, but both sides are hungry to merge and would act quickly if markets stabilize, the Wall Street Journal reports.
How Much Breathing Time?
This probably will enable them to survive for another 5 years. After that will be GM-Ford – and after that?
Where does this lead the American car industry? I am reminded of the cross Atlantic cousins of the Americans, whose car industry was quietly buried 40 years ago!