221022 Resource 133538 120646 120646 1229617047976 1229617047976 Controlled GM and Chrysler Merger Talks Back On

Automakers not enjoying the stock market rally

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The <a href="item/221011" target="_blank" title="U.S. stock market, GM, GM Chrysler merger, spread bets stocks, spread betting stock market, stock market rally, U.S. auto industry">U.S. stock market</a> is slightly higher right now, after a volatile start. However, automakers are not enjoying the same sort of boost that other <span style="font-weight: bold;">stocks</span> (notably financials) are seeing.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">And perhaps that is because GM (<a href="http://finance.yahoo.com/q?s=gm" target="_blank" title="U.S. stock market, GM, GM Chrysler merger, spread bets stocks, spread betting stock market, stock market rally, U.S. auto industry">GM</a>) and Chrysler (privately held) seem to be announcing defeat. After last week's <a href="http://www.banks.com/blogs/investing/2008/12/12/auto-industry-bailout-failure-brings-stock-market-down/" target="_blank" title="U.S. stock market, GM, GM Chrysler merger, spread bets stocks, spread betting stock market, stock market rally, U.S. auto industry">EPIC FAIL of the U.S. auto industry bailout</a>, things have been dicey. But now, it appears that GM and Chrysler are back in <span style="font-weight: bold;">merger talks</span>.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">They know they won't get all that they are asking for in order to remain separate entities. And, if banks won't finance the merger, maybe <span style="font-weight: bold;">TARP </span>will.</span></font><br /> 9 application/xml false GM GM Chrysler merger spread bets stocks spread betting stock market stock market rally U.S. auto industry U.S. stock market Stock market rally and automakers http://www.bloggingstocks.com/2008/12/18/general-motors-restarts-merger-talks-with-chrysler/ Spread betting on the stock market http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 133538 blog blogsite/GFTUK/web