A Chrysler-VW merger? "There is not a shred of truth in these reports." A Volkswagen executive
"This is utter speculation. It's an asinine price." Chrysler President Lee Iacocca
Despite those vehement denials, the story that West Germany's largest auto firm was aiming to take over the U.S.'s deeply troubled No. 3 automaker immediately became the hottest non-news of the week. Even though the report was scoffed at by both parties concerned, the rapidity with which it ricocheted through Detroit and Wall Street testified to the atmosphere of anxiety that surrounds Chrysler, which is expected to lose at least $285 million, and...
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