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Tuesday, February 14th, 2012

Posts Tagged ‘ Cerberus Capital Management ’

GM, Chrysler Merger Could Get Government Backing

Oct 29th, 2008 | By Jason Simpkins | Category: Financial News

The 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.