NEW YORK/DETROIT (Reuters) - General Motors Corp and Cerberus Capital Management have asked the U.S. government for roughly $10 billion in an unprecedented rescue package to support a merger between GM and Chrysler LLC, sources familiar with the talks said on Monday.
The government funding would include roughly $3 billion in exchange for preferred stock in the merged automaker, according to one person with knowledge of the private talks who was not authorized to discuss them publicly.
The U.S. Treasury Department is considering a request for direct aid to facilitate the merger and a decision could come this week, sources familiar with the still-developing government response said earlier on Monday.
