Mar 5, 2009

GM COO on Chrysler merger: We set it aside


While both General Motors and Chrysler are in the dumps and living off of emergency funding from the government, a merger between the two Detroit automakers is not on the table. While Chrysler considers merging with GM its best option, the General doesn’t seem to want anything to do with Auburn Hills automaker.
According to GM [...]


While both General Motors and Chrysler are in the dumps and living off of emergency funding from the government, a merger between the two Detroit automakers is not on the table. While Chrysler considers merging with GM its best option, the General doesn’t seem to want anything to do with Auburn Hills automaker.


According to GM COO Fritz Henderson, GM has not thought of reviving merger talks with Chrysler since calling off the negotiations at the end of last year, reports Automotive News.



“We set it aside, it continues to be set aside,” Henderson told reporters at the 2009 Geneva Auto Show.


In its viability plan submitted to the U.S. Treasury on Feb. 17, Chrysler said that it believes merging with GM is the best available option for it to survive.








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