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Cars Blog

Chrysler, GM deal confronts obstacles

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October 20, 2008 11:04 am
By Peter C. T. Elsworth

The only scenario seemingly not on the table for Chrysler LLC is the status quo as pressure mounts to decide the fate of Detroit's No. 3 automaker, according to The Detroit News.

The Auburn Hills automaker's owner, Cerberus Capital Management LP, wants to rid itself of Chrysler as soon as possible, and key players at would-be buyer General Motors Corp. are embracing the urgency.

But getting a deal done won't be easy, even if the two automakers agree.

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