GM, Chrysler set cuts amid talks
Oct. 24 - As global auto sales stall, General Motors and Chrysler announce cuts and intensify merger discussions.
Sources tell Reuters that GM is exploring other plans if talks with Cerberus, Chrysler's owner, fail. The US government could also provide aid to the ailing automakers, say experts.To date, Chrysler sales have dropped 25% while GM's have dropped 18%. Manoush Zomorodi reports.
SOUNDBITE: Professor Robert Salomon, New York University
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