GM denies Chrysler merger talks
General Motors today dismissed a report that it and Chrysler have restarted merger talks..
The Wall Street Journal, quoting sources familiar with the discussions, said that talks about a combination have been rekindled after Cerberus Capital Management LP, the majority owner of
Chrysler, signalled it was willing to part with some of its stake.
A GM spokesman said the company’s stance on the merger talks had not changed since it
suspended them when it announced third-quarter earnings in November.
General Motors and Chrysler had been in talks earlier this year to combine in order to survive the recession and slowing US sales, but financing emerged as one of the biggest obstacles.
