GM deny merger talks with Chrysler

General Motors today dismissed a report that it had recommenced merger talks with Detroit rival Chrysler

Today’s Wall Street Journal, citing sources “close to” the discussions, said that talks about a combination have been restarted after Cerberus Capital Management LP, the majority owner of Chrysler, signalled it was willing to part with some of its stake in the auto giant.

General Motors and Chrysler had been in talks earlier this year to combine in order to survive the recession and slowing US sales, but financing emerged as one of the biggest obstacles.

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