General Motors reportedly has asked the US Treasury Department for financial aid to help complete a merger with Cerberus Capital Management.
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Bloomberg News said federal aid may boost cash for money-losing GM and Cerberus-owned Chrysler while they await merger savings that may take months to realise, according to analysts.
The Wall Street Journal has reported that the two automakers have estimated a merger would require $10bn to close plants, axe jobs, integrate operations and add liquidity.
