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GM reports running low on cash; ends Chrysler merger talks

Nov. 7, 2008
General Motors posts a $2.5-billion third-quarter net loss. It also signals that it may have only enough cash to fund operations through year's end, leading to speculation about bankruptcy. General Motors Corp. signaled today that it might have only enough cash on hand to fund operations through...
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GM denies merger talks

GM denies merger talks

DETROIT, Dec. 18 (UPI) -- U.S. automaker General Motors Corp. denied reports that it had reopened merger talks with Chrysler LLC, while Chrysler refused to confirm the story.

Report: U.S. rejects GM-Chrysler loan

DETROIT, Nov. 2 (UPI) -- The Treasury Department has rejected a request by General Motors Corp. for a $10 billion loan to facilitate a merger with Chrysler, The New York Times reported.

Chrysler talks with Renault-Nissan off

DETROIT, Nov. 2 (UPI) -- Cerberus Capital Management LP, owner of Chrysler, has halted talks on a possible partial acquisition by Renault-Nissan, The Detroit News reports.

UAW taps former GM exec on merger talks

DETROIT, Nov. 1 (UPI) -- Former General Motors Corp. executive Steve Girsky has been hired by the United Auto Workers union to advise it on automaker merger talks, sources say.

Automakers' merger would face hurdles

DETROIT, Oct. 20 (UPI) -- A proposed merger between U.S. auto giants General Motors and Chrysler would run into high hurdles from regulators, an antitrust attorney said.

Chrysler and GM seek help with merger

DETROIT, Oct. 20 (UPI) -- U.S. auto giants Chrysler and General Motors are looking for government help in financing a merger, unnamed sources close to the discussions said.

GM and Chrysler continue merger talks

DETROIT, Oct. 17 (UPI) -- Merger talks between U.S. auto makers General Motors Corp. and Chrysler LLC are picking up speed, sources close the discussions said.

Ford reportedly rejected GM merger

DETROIT, Oct. 11 (UPI) -- Ford Motor Co. rejected a potential merger with General Motors Corp. before GM began talks with Chrysler LLC, The New York Times reported Saturday.

GM, Chrysler reportedly talking merger

DETROIT, Oct. 10 (UPI) -- General Motors Corp. and Chrysler LLC are discussing a merger that could reduce the Big Three U.S. automakers to the Big Two, The New York Times said Friday.

Wachovia Bank seeking merger partners

CHARLOTTE, N.C., Sept. 27 (UPI) -- Financially troubled Wachovia Corp., the fourth-largest U.S. bank, has entered into merger talks with possible U.S. and Spanish partners, sources say.

Delta pilots tentatively approve merger

ATLANTA, April 11 (UPI) -- Delta Airlines Inc. and its pilots union reached an agreement that could allow merger talks with Northwest Airlines Corp. to resume, U.S. sources said.

Northwest asks Delta back to merger talks

EAGAN, Minn., April 8 (UPI) -- Minnesota's Northwest Airlines Corp. has invited Delta Air Lines Inc. to rekindle merger talks, sources close to the company said Monday.

United pilots' union sees senority fight

CHICAGO, Feb. 29 (UPI) -- United Airlines pilots are taking steps to be ready in case the airline arranges a merger, a published report said Friday.

United, Delta deny merger talks

CHICAGO, Nov. 15 (UPI) -- The United Airlines pilots union and the CEO of Delta Air Lines deny their companies are discussing a possible merger.

Daimler: Kerkorian loses Chrysler appeal

STUTTGART, Germany, Sept. 19 (UPI) -- A U.S. appeals court ruled investor Kirk Kerkorian had no right to damages over the Daimler-Benz AG and Chrysler Corp. merger, DaimlerChrysler said Wednesday.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch