Source: MSN Money(Reuters)From MSN Money(Reuters) said:NEW YORK/DETROIT (Reuters) - A deal to merge General Motors Corp and Chrysler LLC has hit an impasse after the Bush administration ruled out funding for it, three people with direct knowledge of the talks said on Thursday.
This puts any merger of the struggling automakers on hold until after the U.S. presidential election, the sources said
Now maybe GM will come to their senses. Don't get me wrong, I DO NOT want to see Nissan-Renault get Chrysler. However, GM taking on Chrysler would kill GM faster than anything else could, IMO.
I Hope this GM-Chrysler merger mess will drop dead soon.