GM and Chrysler are in merger talks. Wow. That ought to take car of the problems in the US auto sector…Reducing capacity actually will help in the long-term but they way GM and Ford shares are trading, they’ll be lucky to make it to Thanksgiving.
For the market, the more interesting story is word that Ford is looking to sell its controlling stake in Mazda. This could set up some lumpy cross boarder M&A flows.