Again. Maybe it can happen this time.
DETROIT (Reuters) – General Motors Corp (GM.N) and Chrysler LLC said on Thursday they would be open to a merger if the U.S. government mandated it as a condition for providing the emergency financing they say is needed to allow them to survive into 2009.
GM Chief Executive Rick Wagoner and Chrysler Chief Executive Bob Nardelli were testifying at a U.S. Senate Banking Committee hearing held to consider a request for $34 billion in aid from Detroit's three automakers.
The comments appeared to revive the chances for a merger analysts have said would slash tens of thousands of U.S. auto jobs as a combined Chrysler-GM cut overlapping factories and headquarter operations in Detroit.
http://news.yahoo.com/s/nm/20081204/bs_nm/us_chrysler_gm_1