From bankruptcy to merger rumours, General Motors (GM) is at the centre of media speculation. Following a disappointing Q2 results, reporting a net loss of $15.5 billion, GM has dismissed bankruptcy rumours, the Financial Times reports. While the BBC say that neither GM nor Chrysler are willing to comment their possible merger.
GM, who own brands such as Vauxhall, Saab and Chevrolet, is the US’ largest Auto Manufacturer. US media is speculating on whether there could be a merger of the two or an acquisition of Chrysler by GM. The speculation follows GM’s tumbling share price and disappointing car sales suffered throughout the car industry. GM has already slashed international production and cut jobs due to a reduction in sales demand.
