At a couple of recent GM meetings, executives threw around the idea about a possible merger with Ford Motor Company, according to BusinessWeek. However, the idea went no further than some internal shouting according to sources who attended the meetings.
GM executives believe talks of a merger with Ford would be a ‘huge distraction’ at a time when the execs are focused on turnaround; not to mention FoMoCo is faced with similar problems.
According to David Cole, chairman of Center for Automotive Research, American automakers are considering a lot of options as they burn cash and look...
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