Odds favor $5B handout for GM-Chrysler merger

Oct 31, 2008 | 11:46 AM | Martyn Chase

Odds are looking good for a fast $5-billion cash infusion into General Motors Corp. as a stop-gap measure to facilitate a GM merger with Chrysler LLC within the next two weeks, sources said.

GM executives are engaged in heavy lobbying in Washington, trying to make the case that strategic support for the beleaguered auto sector is essential to avoid what looms as a major disaster for the entire auto sector in the United States....





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