According to a recent Reuters article, GM and Cerberus are now considering a deal that would leave GM in control, with Cerberus having a mere 10% or lower stake in the combined organization as well as all of GMAC. The minor stake in GM would give Cerberus an incentive to have GMAC work with the [...]
General Motors has asked the U.S. government for financial aid to help it complete a merger with Chrysler. According to sources, GM executives have asked the Treasury Department to consider taking a stake in the merged company.
One of the people with knowledge of the discussions said the government is reluctant. Treasury Secretary Henry Paulson wants [...]
JeepNewsNow reported that an Illinois woman was excited to discover she had purchased (used) Senator Barack Obama’s 2000 Jeep Grand Cherokee. Their story also noted that, when asked, John McCain did not know what kind of car he owned or drove; but it turned out to be a Cadillac CTS.
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