10/30/2008

GM and Cerberus race to finalize Chrysler stake deal ahead of poll

FT Oct 29 08
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General Motors and Cerberus Capital Management are racing to finalize a deal for the carmaker to acquire the private equity group's stake in Chrysler before next Tuesday's US election.

Some industry executives and advisers to the carmakers questioned whether a deal could be done by next week because the positions of constituents(成分) including unions and the government have not been firmed up.

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