GM, Chrysler Merger Talks Resurface

from National Public Radio

Two of the nation's automakers reportedly are asking the government for billions of dollars to finance a merger. GM and Chrysler are both bleeding cash, and a last-ditch merger between the two has been discussed for weeks. Industry executives have been meeting with government officials in Washington, D.C. The money could come from funds recently authorized by Congress to help carmakers retool their factories. Or, it could come from the $700 billion bailout fund. It could even mean that the government would take a stake in the car industry.

Broadcast Dates

• Morning Edition, October 28, 2008