Financial Times FT.com

GM in hunt for Buffett-style capital injection

By Julie MacIntosh in New York, Bernard Simon in Toronto and John Reed in London

Published: October 22 2008 02:11 | Last updated: October 22 2008 02:11

General Motors is seeking a sizeable capital injection from outside investors as a possible alternative to a deal with Chrysler, the carmaker’s smaller Detroit-based rival.

Such an investment would be along the lines of Warren Buffett’s recent purchases of minority stakes in General Electric and Goldman Sachs.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this