In America there used to be the big three auto makers – General Motors, Ford and Chrysler. Now, of course, we have the very weak and wobbly three as sales plummet, credit evaporates and fuel becomes so expensive that even the Americans now want smaller, more fuel efficient cars.
Soon though there’s a very strong possibility that the three may be reduced to just two as rumours abound that General Motors and Chrysler are engaging in merger talks. Cerberus Capital Management – the company that owns Chrysler are denying that such talks are taking place but the rumours just won’t go away.
Reuters is also reporting that one of their sources is suggesting that Cerberus is also in talks with “other parties including Renault-Nissan”.