Woes facing General Motors and Chrysler have spurred deals among others as they work to survive the sales slump. The breakdown of two of Detroit's Big Three is bringing a new urgency to the scramble among the world's automakers to forge alliances with former rivals, carve inroads into new markets and shop for well-known brands.
GM CEO says bankruptcy more probable
Bankruptcy protection for the nation’s biggest automaker is becoming more probable with a deadline just over two weeks away, the company’s top executive told reporters Monday.
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