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GM/Chrysler Talks On Hold


Last Update: 11/09/2008 8:15 pm
NEW YORK (AP) - General Motors is putting acquisition talks with Chrysler on hold while it sorts out its own financial problems.
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  That could force privately-held Chrysler to file for bankruptcy protection, or break itself up into pieces and sell them off.
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  GM reported a $2.5 billion third-quarter loss yesterday, and warned it may run out of cash by 2009 if it doesn't get government aid. Without specifically naming Chrysler, GM also said it was setting aside considerations for a "strategic acquisition."
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  The decision follows months of talks between GM and Chrysler's majority owner Cerberus Capital Management about a possible combination.
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