Monday, October 20, 2008

General Motors and Chrysler Merge

2 of the Big 3 US auto makers are in negotiations to merge within the week. Concerns about the merger have led some in the auto industry to say that this merger would create a corportaion "too big to fail". The Big 3 (GM, Ford and Chrysler) were recently granted $25 million by Congress for eco-friendly technology development.

GM has indicated that it will begin closing most Chrysler facilities when the deal goes through.

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