Merger is Off!

From an article in the Detroit Free Press:

"....General Motors Corp.'s increasingly dire situation led the Detroit automaker to say Friday that it is setting aside efforts to merge with Chrysler LLC to focus on saving its existing operation...."

"....Chrysler Chief Executive Officer Bob Nardelli said: "As an independent company, we will continue to explore multiple strategic alliances or partnerships as we investigate growth opportunities around the world that would aid in our return to profitability."

David Cole, chairman of the Center for Automotive Research, said he believes the merger talks with GM could be back on the table if the industry gets government help....."