Many huge companies are merging. Are you living on a tight budget?...Any advise-comment about the economy?

Question

NEW YORK/DETROIT (Reuters) - General Motors Corp. (NYSE:GM - news) is in preliminary talks to buy Chrysler, the struggling U.S. arm of DaimlerChrysler AG (DCXGn.DE) (NYSE:DCX - news), or to strike a strategic alliance with the rival automaker, sources familiar with the situation said on Friday.

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There was deep skepticism on Wall Street about whether such a merger made sense for GM and whether it could ever happen.

An outright takeover of the Chrysler Group by GM would risk complicating the turnaround efforts of both companies, analysts said, even as it created an industry giant with a nearly 40 percent share of the U.S. market.

The talks to buy Chrysler, described by a source familiar with the situation as exploratory, were first reported on Friday by the trade journal Automotive News.

Automotive News, citing unnamed sources in Germany and the United States, said the companies were engaged in high-level talks about GM buying Chrysler Group -- which sells Chrysler, Dodge and Jeep vehicles -- in its entirety.

Answer 1

Yes, my budget is tight.Ive learned to get the most bang for my buck.My advise for the future economy is save, save, save !