GM's Latest Retooling: The Chrysler Merger

Merging with Chrysler would be GM's biggest attempt yet to realign with the market. Problem is, GM has always been terrible at restructuring
General Motors Chairman and CEO Rick Wagoner. Getty Images

General Motors (GM) is getting closer and closer to taking Chrysler off the hands of its owner, private equity giant Cerberus Capital Management. If GM can come up with funds—perhaps as much as $10 billion—from the government (BusinessWeek.com, 10/28/08) to solve its problems and help restructure the smallest of the Big Three, it could be a done deal.

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