UPDATE 1-GM, Chrysler merger on hold as aid hopes fade-sources

Newswire

(Adds detail, bylines) By Jui Chakravorty Das and Kevin Krolicki NEW YORK/DETROIT, Oct 30 (Reuters) - A deal to merge General Motors Corp and Chrysler LLC has hit an impasse after the Bush administration ruled out funding for it, three people with direct knowledge of the talks said on Thursday. This puts any merger of the struggling automakers on hold until after the U.S. presidential election, the sources said. The development adds a new element of uncertainty for the embattled U.S. ...

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