Shit just keeps getting worse. GM disclosed today (Friday) that it has suspended merger talks with Chrysler indefinitely, due to its deteriorating cash position. Chrysler, owned by Cerberus, is still single-and-looking, but the likelihood of it finding a suitor is unclear.
http://dealbook.blogs.nytimes.com/2008/11/07/gm-suspends-merger-talks-with-chrysler/
We've all heard this tale before. It's the classic love story. Boy meets girl, boy proposes to girl, boy drops out of merger talks due to deteriorating cash position... poor Chrysler. Don't worry, hun; you keep your head up. You'll find him eventually!
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