DETROIT — Negotiators hope to finalize a merger agreement between General Motors (GM) and Chrysler before the presidential election and are lobbying for government financial assistance to help clinch the deal, says a source who has been briefed on the talks.
http://www.usatoday.com/money/autos/2008-10-19-gm-chrysler_N.htm?loc=interstitialskip
So, What’s this new company going to be Called? Who is going to haul it? Is this new business?
AUTOMOTIVE NEWS
12:01 am U.S. ET | Oct. 20
Call it a miracle, but despite the industry’s biggest sales collapse since 1980, automakers have prevented inventories from spiraling out of control. The sales plunge and a huge swing in the model mix could have sent stockpiles soaring…. http://www.autonews.com/article/20081020/ANA03/810200336/1197
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Well there is some good news
By Krishna Guha in Washington
Published: October 19 2008 22:23
The US economy appears to be plunging into what many experts believe will be its worst recession since 1982.
Senior officials at the Treasury and Federal Reserve are confident that the rescue plan for US banks will succeed in preventing a financial system meltdown and ensure there will not be a repeat of the Great Depression. But they know that a sharp economic downturn is already baked in the cake. They do not,however, know how deep or protracted it will be.
http://www.ft.com/cms/s/0/232eb4de-9e20-11dd-bdde-000077b07658.html?nclick_check=1
