Reports from the New York Times are that General Motors and Cerberus Management (the owners of Chrysler) are in merger talks. GM has its sights set on the $11 billion-plus in cash reserves Chrysler has, as some industry pundits have predicted that GM could burn through its cash reserves by the second quarter of next year and face bankruptcy if auto sales don’t pick up.
If it happens, the merger would certainly mean the end of the “Big Three”; one way or another many of the vehicles currently being built by either GM or Chrysler would wind up on the cutting room floor. Which models and which brands would survive? That’s the $16,000 question of the moment. Interesting times in which we live!