Bloomberg News

General Motors, Ford Discussed Secret Merger in 2008, NYT Says

October 02, 2011

Oct. 2 (Bloomberg) -- General Motors Co. Chief Executive Officer Rick Wagoner secretly proposed a merger with Ford Motor Co. in 2008, a year before GM’s bankruptcy filing, the New York Times reported.

Ford Chairman Bill Ford and Chief Executive Alan Mulally held talks with Wagoner before turning down the offer, according to the article, adapted from Bill Vlasic’s ‘Once Upon a Car: The Fall and Resurrection of America’s Big Three Automakers -- G.M., Ford and Chrysler,’ to be published Oct. 4.

--Editors: Cecile Gutscher

To contact the reporter on this story: Catherine Airlie in London at cairlie@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus