We'll leave it to someone else to explain to you how, exactly, the merger of two ailing companies somehow cures their ailment, and simply give you the news: The Wall Street Journal is reporting that General Motors has resumed talks with Cerberus Capital Management about taking over some of its stake in Chrysler. Cerebrus has, so far, resisted calls to inject more capital in Chrysler, but one way it may be able to agree to broad industry restructuring is simply by selling off some of its stake to GM. According to a source at The Wall Street Journal, "Cerberus hopes lawmakers would view such a move as a contribution to the restructuring of the troubled industry." General Motors, meanwhile, is denying the talks.
Read it at Fox News
