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• BREAKING: GM and Chrysler talking about merger

  Filed under: Etc. , Government/Legal , Hirings/Firings/Layoffs , Plants/Manufacturing , Chrysler, LLC. , GM Our heads are still reeling from one of the most tumultuous weeks on record, both for the financial world and the auto industry. But despite our best efforts to drown our concerns in Racer5 IPA, the hits keep coming and this time, it's courtesy of the New York Times . The Gray Lady is reporting that General Motors and Chrysler have been in talks about a possible merger for the past month and that two unnamed sources say that the chances of the deal going through are "50-50." With GM's stock prices ending the week below $5 a share and Cerberus - the private equity firm that owns Chrysler - grasping at straws any and all straws, including continued talks with Nissan/Renault, a merger of unequals is two parts disturbing and one part intriguing. Cerberus' people haven't been returning phone calls and the only comment offered to the NYT from the General's... Posted Oct 10 2008, 04:04 PM by Autoblog Filed under: Etc., Government/Legal, GM, Plants/Manufacturing, Chrysler, breaking, general motors, GeneralMotors, merger, Hirings/Firings/Layoffs, Chrysler, LLC.

• Lutz: No Beat for the U.S., smaller CUVs on the way, Insignia stalled

  Filed under: Concept Cars , Economy , Sedans/Saloons , Plants/Manufacturing , Crossovers/CUVs , Chevrolet , GM , GMC , HUMMER , Pontiac , Saturn , Opel , Vauxhall General Motor's car czar, Bob Lutz, sat down with the little people of the blogosphere after GM's announcement that it would be reducing white collar expenditures by 20-percent, cutting truck production and eliminating retired health care for salaried workers over 65, all in an effort to boost its liquidity by $15 billion by the end of 2009. Maximum Bob addressed questions about GM's entire brand portfolio, saying, "Pontiac will be nourished with products" and confirming that GM is in talks with financial institutions about HUMMER, and that, "If we could sell the brand, we'd be interested in doing that." Predictably, much of the conversation centered on fuel efficiency and the General's plans to address the growing demand for miserly transport in the U.S. Lutz made it clear that "as... Posted Jul 15 2008, 04:53 AM by Autoblog Filed under: Crossovers/CUVs, BobLutz, Bob Lutz, GM, Sedans/Saloons, Chevrolet, Plants/Manufacturing, Economy, Concept Cars, breaking, Pontiac, general motors, GeneralMotors, Saturn, Opel, Hummer, GMC, Vauxhall, Beat, cruze, cruza