Fiat CEO Sergio Marchionne met German Chancellor Angela Merkel Tuesday to discuss his bid for ailing General Motors Corp.’s Opel unit as a decision on the company’s future nears.
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Chrysler LLC Chairman and CEO Robert Nardelli announced Thursday he will step down as head of the automaker, which is filing for bankruptcy protection.

“I announced to Chrysler’s Board of Management and our senior leadership as well as the U.S. Treasury that I plan to leave the company and return to Cerberus Capital Management as an adviser,” Nardelli said in a letter to employees.
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General Motors Corp. and Chrysler LLC are seeking additional financial aid from the Canadian and Ontario governments, and GM Canada wants to create a union-run fund to reduce its health care costs in the country.

The automakers’ needs were outlined in restructuring plans they submitted late Friday in the latest example of Detroit’s hardest-hit automakers taking their pleas for help abroad as the global industry downturn ravages their foreign operations.
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