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Chrysler And GM Revive Merger Talks


General Motors and Chrysler have reopened merger talks, with Chrysler's private owners signaling a willingness to give away part of its stake in the automaker, The Wall Street Journal reported Thursday, citing people familiar with the discussions.

GM spokesman Tony Cervone said GM's stance on the merger talks has not changed, however, since the automaker suspended them when it announced third-quarter earnings in November.

With cash running low at both companies, Chrysler majority owner Cerberus Capital Management took the initiative to restart discussions that sputtered just weeks ago, the paper said.



[source]


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