By Drew Johnson
Monday, Oct 13th, 2008 @ 1:12 pm
Chrysler - along with the rest of the world's automakers - has been caught in the perfect storm of a slumping global economy and a tighter credit market. As the saying goes, desperate times call for desperate measures, with rumors popping up over the weekend that Chrysler is considering merging with General Motors. Neither side has confirmed the rumored, but Chrysler CEO Bob Nardelli did little to deny the merger in a letter sent to Chrysler employees on Monday.

In a letter obtained by CNBC, Nardelli revealed that Chrysler is "looking at a number of potential global partnerships."ť Nardelli touched on Chrysler's alliances with Nissan and Volkswagen, but also hinted that more talks have been going on behind closed doors.

"I can tell you that we have approached and have been approached by third parties who are interested in exploring future possibilities with Chrysler,"ť he said. However, Nardelli failed to mention any specific third parties in the interest of protecting all parties involved.

Although not a full on confession that Chrysler is teaming with GM - or possibly even Renault/Nissan -- Nardelli's letter seems to be priming Chrysler employees for the possibility. Stay tuned as more seems to be unfolding on this drama by the hour.

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