CurAegis Technologies Inc (fka CRGS)

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This is interesting...............

Is GM Readying to Scoop Up Rival Chrysler?
Reuters

DETROIT (Feb. 16) - General Motors Corp. is in talks to buy the Chrysler Group in its entirety, Automotive News reported on Friday, citing unnamed sources in Germany and the United States.

The automotive trade publication reported on its Web site that high-level talks were talking place between GM and Chrysler Group parent DaimlerChrysler AG.

The potential deal between the two automakers could go beyond cooperation on joint development of a large sport utility vehicle, the magazine said.

A spokesman for GM declined to comment.

"We often have discussions with automakers routinely. We don't comment on speculation of discussions," GM spokesman Tony Cervone said.

DaimlerChrysler also had no comment on the report.

Speculation surrounding a possible sale or spinoff of Chrysler Group has built since DaimlerChrysler Chief Executive Dieter Zetsche said this week that all options were open for its struggling North American unit.

Shares of DaimlerChrysler rose in reaction to the report while GM shares slipped.

DaimlerChrysler shares were up 3.7 percent to $72.85 in trading on the New York Stock Exchange. Shares of GM were off 26 cents to $36.18.