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Latest for October 13th, 2008
October 11, 2008, 2:28 pm
Oct. 11: General Motors and Chrysler may be exploring a merger that would potentially create a giant company responsible for manufacturing up to 1 out of every 3 cars in North America. CNBC's Phil LeBeau reports.
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October 13, 2008, 3:03 am
China automakers say no dealer talks with Chrysler - Washington Post
Resize SHANGHAI (Reuters) - Chinese automakers Chery Automobile Co and SAIC Motor (600104.SS) said on Monday they have not had talks about possible access to Chrysler's U.S. dealership network with Cerberus Capital Management LP (CBS.UL), majority ...
October 13, 2008, 2:56 am
A Chance To Double Your Money - Forbes
"What's good for America is good for GM, and vise versa." Charlie Wilson of General Motors (nyse: GM - news - people ) made that comment long ago. He is always misquoted, but that is what he said. It was true then, but what about today? Will it be ...
October 13, 2008, 12:33 am
US car giants may merge to avoid collapse - Independent
THE biggest companies in the US car industry, brought to the edge of bankruptcy by the economic turmoil, are considering extraordinary new plans to save themselves, including mergers that could throw tens of thousands of workers out of their jobs ...
October 12, 2008, 3:15 pm
Thousands of jobs at risk in GM merger - Times Online
AMERICAN car giants GM and Chrysler could merge in a desperation deal that would lead to tens of thousands of job losses and reshape the global auto industry. News of the talks, which emerged yesterday, comes amid rising doubts over whether any of ...
October 12, 2008, 1:42 pm
Chrysler, GM in talks to merge - Brisbane Times
Chrysler LLC has had talks with General Motors Corp about a deal to combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to three people familiar with the matter. Talks between ...
October 12, 2008, 12:44 pm
GM-Chrysler merger could slash jobs - Times of India
US car giants GM and Chrysler could merge in a desperation deal that would lead to tens of thousands of job losses and reshape the global auto industry. News of the talks comes amid rising doubts over whether any of America's big three Detroit ...
October 12, 2008, 11:11 am
Gm-Chrysler: A Lemon Of A Deal - Newsweek
You've got to be kidding me. General Motors and Chrysler merge? If ever there was an example of the old saw "two wrongs don't make a right," this, surely, is it. And yet the news out of Detroit this weekend is that GM and Chrysler have been in talks ...
October 12, 2008, 7:56 am
Sunday's newspaper round-up: Bank bail-out progress, RBS, Baugur
LONDON (SHARECAST) - Treasury sources confirmed that the Government had drawn up plans to take on a majority stake in Royal Bank of Scotland and big holdings in Lloyds TSB , HBOS and Barclays under its £500bn plan to bail out the banking industry, says the Sunday Telegraph.
October 12, 2008, 4:22 am
Steve Parker: One American carmaker - Our best solution?
Over a week ago, we posted on this blog about the possibility of two, or even all three of the Detroit Three, GM, Ford and...
October 11, 2008, 7:56 pm
GM may merge with Chrysler
October 11, 2008, 5:21 pm
GENESEE COUNTY, Michigan -- Two powerhouses in retail car sales both saw the news in Saturday morning's newspaper and both had a similar first- blush reaction: General Motors and Chrysler talking merger now? You've got to be kidding. Flint Mayor...
October 11, 2008, 9:49 am
Bush: US will work with global partners on credit crisis
President Bush and foreign financial officials displayed joint resolve Saturday to combat the unfolding financial crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.
October 11, 2008, 6:00 am
That's the latest word from news agencies, but there's been no official confirmation from representatives at General Motors or Cerberus Capital Management (which owns just over 80-percent of Chrysler) except...
October 10, 2008, 11:10 pm
GM in talks about possible merger with Chrysler - Dallas Morning News
DETROIT ? General Motors is in preliminary talks about a possible merger with Chrysler, a deal that could drastically remake the landscape of the auto industry by reducing the Big Three of Detroit automakers to the Big Two. The talks between GM and ...
October 10, 2008, 9:44 pm
GM Is in Preliminary Talks to Merge With Chrysler, NYT Reports - Bloomberg
Oct. 11 (Bloomberg) -- General Motors Corp. is in preliminary talks to combine with Cerberus Capital Management LP's Chrysler, the New York Times reported late yesterday, citing unidentified people. The talks, which began more than a month ago, have ...
October 10, 2008, 9:43 pm
GM Is in Preliminary Talks to Merge With Chrysler, NYT Reports
Oct. 11 (Bloomberg) -- General Motors Corp. is in preliminary talks to combine with Cerberus Capital Management LP's Chrysler, the New York Times reported late yesterday, citing unidentified people.
October 10, 2008, 9:07 pm
GM, Chrysler may merge, report says
DETROIT - General Motors is in preliminary talks about a possible merger with Chrysler, a deal that could drastically remake the landscape of the auto industry by reducing the Big Three of Detroit automakers to the Big Two....
October 9, 2008, 5:56 pm
GM, Chrysler may merge, report says - MLive.com
DETROIT - General Motors is in preliminary talks about a possible merger with Chrysler, a deal that could drastically remake the landscape of the auto industry by reducing the Big Three of Detroit automakers to the Big Two. The talks between GM and ...
October 6, 2008, 2:34 pm
TSX down nearly 573 points after rough ride
The Toronto stock market closed down nearly 573 points Monday, after getting battered in early-day trading. South of the border, the Dow Jones fell below the 10,000 mark for the first time in four years.
October 6, 2008, 8:31 am
TSX nosedives more than 1,000 points
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