General Motors Provides "No Comment" On Chrysler Acquisition Rumors

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We decided to call one of GM's masters of PR to ask about these rumors of a General Motors / Chrysler combination, but instead of providing a strong denial to the rumors begun early this morning, our sources at the General are doing nothing but claim "no comment." Not a "that's utterly preposterous" or even a "that's absurd" (although we did get a "I wonder where they're getting that?") Nope — nothing other than "no comment." Despite what we've now heard that talks center around requiring the Chrysler Group to find a way to cut employee health care costs out of any potential deal. So does this mean a prolonged negotiation with the UAW on self-health-management? Perhaps. We'll see what happens, but at this point we've got no denial from GM on the rumors and no paper issued. But if it ends up not being GM talking about an acquisition deal, then whom? Chery? Tracinda? What do you think?

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