A massive realignment is looming in the global automotive industry as financially troubled carmakers and their parts suppliers seek stronger partners and buyers.
Much of the manoeuvring revolves around the three Detroit-based carmakers, General Motors, Ford Motor and Chrysler, whose survival is threatened by dwindling liquidity over the next 12 months as car sales wilt.
Chrysler, the smallest and most vulnerable of the three, is understood to have held talks on wide-ranging alliances with GM and with Renault-Nissan, the Franco-Japanese group.
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