Big Three to become Big two [Or Huge one and Big one]

GM and Chrysler reported to be in merger talks

The Two leading giants of the existing three of detroit were reported to be in merger talks, NYT and WSJ reported on their websites.
This comes as the US automakers realise their need for the reconstriction of the already in shit US auto industry with reports last month stating that US buyers no more prefer The "American Muscle cars" i.e the muscle cars, V-8 Powered engines, and the SUVs ofcourse. AFP states that there have been a growing concern in Detroit against the competition from Japanese companies (maily Toyota).
NYT reorts that the possibilities for the merger was 50-50

THE NEW TWIST TO THE STORY:

Before the merger with Chrsyler, Gm wasid to be walking towards a merger with a more fronthead rival Ford Motor company.
NYT reports that 2 guyz with the knowledge of the deal said that- GM approached Ford with a similar deal but Ford scraped it away last month.
Wow it just gets better and better!!


For detailed News
See : New York Times ; Autoweek ; Bloomberg ; Wall street Journal ; Reuters