GM, Chrysler Merger Could Get Government Backing
Oct 29th, 2008 | By Jason Simpkins | Category: Financial NewsThe U.S. government is looking for ways to facilitate a merger between General Motors Corp. (GM) and Chrysler LLC, in the hopes of keeping the once vibrant industry afloat during a time of crisis. But Uncle Sam’s credit card is close to maxed out and a bailout for the auto industry could open the door for other troubled industries to come calling.