This is no joke. Maybe it should be.
General Motors is in early talks with Cerberus Capital Management LP's Chrysler LLC about a merger or partnership, five people with direct knowledge of the discussions said.
It's not clear an accord will be reached, said the people, who asked not to be identified because the matter is private. While Cerberus also is meeting with automakers including Renault SA, the GM talks are the most serious, one person said.
GM spokesman Tony Cervone, Cerberus spokesman Peter Duda and Renault spokeswoman Nathalie Bourotte declined to comment.
Most of us here in the States have been waiting for the other shoe to drop since Cerberus bought Chrysler from Mercedes. Cerberus is an acquisitions firm with little or no interest in building cars.
I think I've heard of this kind of merger before. Maybe they could name the combined firm "American Leyland."