GM Chrysler Merger
General Motors and Chrysler, giants of the once-dominant American auto industry, are considering a merger. Preliminary talks were first reported on October 10, 2008, and were said to involve Cerberus Capital Management, which owns over 80% of Chrysler stock and nearly 50% of GM's.1 Possibilities are reported to include the acquisition of Chrysler by GM.1
Fast Facts
- First reported on October 10, 2008
- News of merger came after worst week on Wall Street since at least 19332
- GM, Chrysler and Ford are known as "The Big 3" U.S. auto makers3
- Both companies, as well as Ford, may face bankruptcy4
Related Pages on Mahalo
General Motors | Chrysler | Ford
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