GM & Ford Talk Alliance, Merger

from WDIV Detroit TV 4

According to the trade journal Automotive News, executives of General Motors Corp. and Ford Motor Co. have discussed a possible merger or alliance. Both companies have declined to comment.

The report comes as GM and Ford have been slashing their work forces and closing plants in efforts to reverse multibillion dollar losses. Their sales have been hurt by competition from more fuel-efficient models from Asian automakers.