10.21.2008

GM-Chrysler: Stuck in neutral

Though there may be reasons why GM and Chrysler shouldn't merge, both companies are in "deep s%*$" and needs to revive themselves in the auto industry. GM now stands with $21billion and Chrysler $11 billion, most of which is borrowed money. Right now both automakers have to ask themselves how long will the money in hand last. Especially since there are other crisis such as declined auto sales in the industry. Therefore great funding is need for both automakers to survive in these times, and to move forward...

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