Why, would two companies, both with cash-flow issues, see a merger as making any kind of sense?

Yeah, what are those cars? The look like a sedan version of the Vauxhall Corsa.

Word has it that GM has about 9 or 10 months worth of money to work with, provided things don’t get any worse. Chrysler, while in worse shape than GM or Ford for that matter, has more in their reserves and don’t be surprised if Ceberus (whatever the spelling) might throw in some more to sweeten the deal somehow.
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No matter what, I wouldn’t want to be working at DC right now. If they’re bought it could very well be to grab a few models and the cash, and discard all the rest like an orange peel.
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Eliminating DC would thin the domestic market a bit for when things improve, and GM could again be making minivans.

is that a buick loko on that car?
wtf?

The unfortunate loser in this will probably be Jeep when GM tosses the solid front axles in the toilet and we all get stuck with IFS(and heaven forbid IRS). If that happens, I’m buying a used “real” Jeep.

“If I wanted a Hummer, I’d ask your sister.”

Since the facts are that GM is so deep in debt and when you consider they were so desperate they went to Ford for help, which had to be humiliating let alone the founders must have turned over in their graves, it’s common sense that should Cerberus consider a merge with them, Cerberus will be the one in the driver’s seat. No pun intended. GM gain Jeep? Are you kidding? GM stands to gain nothing and Cerberus will have complete control and if anyone stands to gain from this it’s them and not GM. Like any good merger, Cerberus will take anything that’s remotely good within GM’s infrastructure and sell the rest even at a loss and then dump the company. By doing so Cerberus will have eliminated some of the competition, gained any “secret properties” (after the government gets done sorting out anti-trust laws violations).

It’s called “Corporate raiding” and there’s nothing new about it. It’s merely a game that’s played by the big boys who have more money/power than most. http://en.wikipedia.org/wiki/Corporate_raider I would not be surprised to learn this was exactly what Cerberus had hoped for when they purchased Chrysler.