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GM needs cash before Chrysler
CNNMoney.com | 25 minutes ago
General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports Saturday.... (more)
Analysts say GM would need cash to acquire Chrysler, it may take too long to see cost savings
Sun (Baltimore), The | 33 minutes ago
DETROIT (AP) _ For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash. Lots of it, according to industry analysts.... (more)
U.K. Banks to Announce Details of Plan
Wall Street Journal, The | 2 hours 19 minutes ago
Facing an increasing sense of urgency, U.K. banks, along with the Treasury office, are targeting Monday as a deadline to announce the details of a massive capital raising aimed at stabilizing an increasingly weakening situation, according to people familiar with the situation.Last Wednesday, four of Britain's biggest banks -- Royal Bank of Scotland Group PLC, Barclays PLC, HBOS PLC, and Lloyds TSB Group PLC -- announced in conjunction with Treasury a plan for the government to potentially inj...... (more)
Key dates in Chrysler's recent history
News & Observer (Raleigh, N.C.), The | 2 hours 19 minutes ago
The Associated Press Comment on this story May 7, 1998: Stuttgart, Germany-based Daimler-Benz, the maker of the upscale Mercedes Benz, announces a $36 billion merger with Chrysler. The new company, DaimlerChrysler AG, begins trading on the Frankfurt and New York stock exchanges on Nov. 17.Feb. 14, 2007: Battered by growing pension and retiree health costs and competition from Asian car makers, DaimlerChrysler AG announces a restructuring plan that includes cutting 13,000 Chrysler work...... (more)
GM, Chrysler in merger talks: source - washingtonpost.com
Washington Post, The | 2 hours 24 minutes ago
DETROIT/NEW YORK (Reuters) - General Motors has had talks with smaller rival Chrysler LLC about a merger that would 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 a source briefed on the matter.... (more)
Chrysler, GM discuss merger
Toronto Star, The | 2 hours 27 minutes ago
DETROIT General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports.... (more)
Key dates in Chrysler's recent history - Business Wire - SunHerald.com
Sun Herald (Biloxi-Gulfport, Miss.), The | 2 hours 28 minutes ago
May 7, 1998: Stuttgart, Germany-based Daimler-Benz, the maker of the upscale Mercedes Benz, announces a $36 billion merger with Chrysler. The new company, DaimlerChrysler AG, begins trading on the Frankfurt and New York stock exchanges on Nov. 17.... (more)
Key Dates in Chrysler's Recent History - NYTimes.com
New York Times, The | 2 hours 35 minutes ago
Filed at 3:26 p.m. ET May 7, 1998: Stuttgart, Germany-based Daimler-Benz, the maker of the upscale Mercedes Benz, announces a $36 billion merger with Chrysler. The new company, DaimlerChrysler AG, begins trading on the Frankfurt and New York stock exchanges on Nov. 17.... (more)
Across the Country, Fear About Savings, the Job Market and Retirement - NYTimes.com
New York Times, The | 2 hours 35 minutes ago
A year ago, Robert Paynter was comfortably retired and looking forward to years of refurbishing old cars and boating from his dock on Lake Norman in North Carolina. Over a 17-year career at Wachovia, he amassed a pile of stock and options from the bank that he had assumed would be worth more than $600,000. But now the options are worthless, and he watched the value of his Wachovia shares shrink to about $15,000 before he sold all of them this week after the bank succumbed to the financial cri...... (more)
Canada's $25-billion mortgage plan
National Post (Canada) | 3 hours 56 minutes ago
Ottawa on Friday committed to taking a sequence of escalating steps to protect Canada s banks and prevent... (more)
G.M. Held Merger Talks With Ford Before Chrysler - NYTimes.com
New York Times, The | 4 hours 25 minutes ago
DETROIT — Before General Motors began exploring a possible merger with Chrysler — talks that first came to light on Friday — G.M. proposed a similar deal with its other cross-town rival, the Ford Motor Company, two people with knowledge of the talks said Saturday. G.M. executives approached Ford about a possible merger in July, but Ford rejected the idea and ended the discussions last month, these people said.... (more)
GM, Chrysler exploring merger: reports
Globe and Mail (Toronto), The | 6 hours 23 minutes ago
DETROIT — General Motors Corp., Chrysler LLC and Cerberus Capital Management LP have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to a person familiar with the talks.... (more)
ABC News: Source: Chrysler, GM Discuss Merger, Acquisition
ABC News | 7 hours 48 minutes ago
Workers at the end of the assembly line at General Motors plant in Euclid, Ohio, put finishing... Workers at the end of the assembly line at General Motors plant in Euclid, Ohio, put finishing touches at the cabs of Fisher Body Metal Station Wagons, August 10, 1950. General Motors Corp. shares on Thursday Oct. 9, 2008 plunged to their lowest level since 1950, as investors continued to fret that the decline in U.S. vehicle sales may be spreading to the rest of the world.(AP Photo, FILE) <a hr...... (more)
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