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GM-Chrysler talks reported

October 11, 2008|From Times Wire Services

General Motors Corp. has been in preliminary talks about acquiring Chrysler, according to published reports.

Detroit-based GM and private equity firm Cerberus Capital Management, which owns Chrysler, began the discussions more than a month ago, the New York Times reported.

According to the Wall Street Journal, the talks were recently suspended because of financial market turmoil but they could resume once markets stabilize.

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