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Battered by Industry Slump, GM and Chrysler Hold Merger Talks (Washington Post) - General Motors and Chrysler, bruised by the severe industry downturn, have held preliminary discussions about combining operations, including a full-scale merger, according to people familiar with the talks. It was unclear over the weekend whether the discussions were progressing and what, if anything, would result.

Travel industry begins its descent (Minneapolis-St. Paul Star Tribune) - The travel industry has been hit hard by the economic slowdown, particularly in the past few weeks. Airlines reported sharp declines in passenger traffic for September.

Steel industry attacks Brussels plans (Financial Times) - A steel and iron industry lobby group has accused bureaucrats of a “vindictive” campaign to chase the sector out of Europe to meet European Union climate change goals.

US car groups prepare for industry shake-up (Financial Times) - A massive realignment is looming in the global motor industry as financially troubled carmakers and their parts suppliers seek stronger partners and buyers.