GM-Chrysler Talks

Just read report from Reuters : Major issues resolved in GM-Chrysler talks-sources

General Motors and Cerberus Capital have resolved the major issues in a proposed GM-Chrysler merger but the final form of any deal will depend on the financing and government support available. As GM seeks some $10 billion in U.S. government aid to support the deal, Chrysler owner Cerberus is in its own set of intense discussions with banks to refinance $9 billion of Chrysler debt ...

GM will be the number one auto-maker again. Toyota has passed GM while ago.

GM sold 2.11 million vehicles in the [third] quarter. That pushed GM, until recently the world's largest auto maker by sales, further behind Toyota Motor Corp., which last week reported third-quarter global sales of 2.24 million vehicles.

GM shares up 9.56% today $6.84 after big fall. There is YtY chart of GM and u can see that shares slumped. There was some speculation about bankruptcy request by GM and markets went down.