Its been days that the automakers GM and Chrysler began talks about a merger and there still is a big buzz about it all over. There are many speculations to why 2 automakers doing bad will merger. according to this article Chrysler wants to trade some of its brands for GM's 49percent of shares of a finace company thats called GMAC. The other 51% of GMAC shares is owned by CerberusCapital Management LP, which owns Chrysler. What will GM get out of the merger; Analysts believe GM would slash brands, lay off tens of thousands of workers and cut thousands of dealerships to create a profitable company.
http://www.mlive.com/grpress/business/index.ssf/2008/10/why_gm_and_chrysler_you_may_no.html
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