GM, Chrysler merger on hold
NEW YORK/DETROIT, Oct 31
A deal to merge General Motors Corp and Chrysler LLC has hit an impasse after the Bush administration ruled out funding for it, three people with direct knowledge of the talks said.
This puts any merger of the struggling automakers on hold until after the U.S. presidential election, the sources said.
The development adds a new element of uncertainty for the embattled U.S. auto industry as Detroit's political allies warn the sector faces a deepening financial crisis that threatens tens of thousands of jobs.
LINK:Business Feed Article | Business | guardian.co.uk
Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options