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GM Terminates Merger Talks with Chrysler LLC
16th November 2008
As well as reporting its gloomy financial results for the third quarter of 2008, General Motors today also announced that its ending at talks with Cerberus Capital Management LP for the possible acquisition of the Chrysler Group. While the American automaker did not refer specifically to Chrysler LLC, it’s no secret that the two companies had been in talks for quite a while now. And while this decision may be all for the better for GM as it allows the company’s leadership to focus on its own problems, we can’t help but wonder where this leaves Chrysler…
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