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Published: October 11, 2008
Source: Chrysler, GM discuss merger, acquisition
By The Associated Press
DETROIT - General Motors Corp. , Chrysler LLC and Cerberus Capital Management LP have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to a person familiar with the talks. Chrysler, which is 80.1 percent owned by Cerberus, already has a joint venture with GM making a hybrid gas-electric powertrain, and has discussed a full merger or acquisition with GM, said the person, who did n...
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