GM is in talks to buy Chrysler. I think this would be bad for the industry. Mergers stifle creativity, limit choice and drive up prices. Banks are buying each other at an unprecendented rate under the guise of "trying" to remain competitive.
Eventually we'll have one manufacturer to chose from, like the Russians did with their Trabant (actually re-badged Fiat) and we'll all get our paychecks from Rupert Murdoch.