Detroit ponders possible GM merger with Chrysler

10/13/2008 | NYTimes.com

Specter of the Detroit Three shrinking to the Detroit Two, through a merger of General Motors and Chrysler, is making the Motor City wonder just how bad things can get for the industry. Analysts said GM thinks Chrysler's $11 billion in cash together with the $21 billion that GM had at the end of the second quarter might be enough to get a merged entity through the economic downturn. Beyond that, combining Chrysler's 11% share of the U.S. market with GM's 22.4% would put it far in front of Toyota.

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