According to undisclosed but reliable sources, General Motors Corp., Chrysler LLC and Cerberus Capital Management LP are on the verge of considering a merger, or an acquisition of Chrysler by GM. Cerberus Capital Management LP which has an 80.1 per cent stake in Chrysler, and is already engaged in a joint venture with GM, has evidently been holding talks about a full merger or acquisition with GM.

Detroit’s automakers have often explored tie-ups, and in this case, a consolidation of the auto-majors would augur well for the American automotive industry, as well as establish GM as global sales leader, a position that has come under threat from Toyota in recent times.

According to sources cited by the Wall Street Journal, Cerberus, who owns 51 percent of GMAC Financial Services, is pitching for GM’s remaining 49 percent stake in GMAC, in a trade-off for…  

General Motors Corporation announced that some of its 2009 models will include optional radios along with USB ports for media devices such as an iPod or an MP3 player. Customers will be able to play music and charge their media devices without the need for a separate car adapter. USB ports enabling flash drives are convenient, which means that customers don’t need music CDs for audio entertainment. Customers can also browse through the music player’s library by operating the radio controls and view it on the electronic display. The USB port will be similar to those used on personal computers. Currently, the Chevrolet Cobalt, HHR and the Pontiac G5 models, offer optional radios. The Pontiac G6 and Solstice, the Saturn Sky and Aura, and the Chevrolet Malibu are expected to have radios by the middle of 2008 model year. For over two years now, General Motors Corp has offered auxiliary input…