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One of the Big three may disappear as a result of the credit crisis declining sales and the economic fallout from the global financial crisis.
Grouped Articles
Howes: One of Big 3 may not survive
Detroit News 10/14/2008
Detroit News 10/14/2008
UAW chief opposes GM-Chrysler merger
Detroit News 10/14/2008
Detroit Free Press 10/14/2008
From UAW President Gettelfinger's view consolidation would only mean loss of even more jobs to a devastated Detroit. A better source of cash for GM would be more loans from the federal government as democratic candidate Obama has suggested a $50 billion loan package. At that point a Chrysler consolidation if it were to occur could be done through a rationall consolidation or merger as opposed to the large closures that the present situation might require.
Linked Articles
UAW chief opposes GM-Chrysler merger
Detroit News 10/14/2008
Howes: One of Big 3 may not survive
Detroit News 10/14/2008
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