No More GM & Chrystler

http://money.cnn.com/2008/10/11/news/companies/bc.apfn.gm.chrysler.merger.ap/index.htm?postversion=2008101118

With both automakers struggling to survive amid slumping sales, a slowing global economy and an unprecedented credit crunch, it's unclear whether Chrysler's majority owner, Cerberus Capital Management LP, would be willing to pay up, or whether the federal government might even get involved to save one or both struggling automakers.

We all believed that the merging of both of these companies would help resolve some major financial issues. But as we all know, money makes the world go around. Neither of the companies have the financial means necessary to complete this deal. With all this being said, the deal is off!