In a turnaround from his statements last fall, DaimlerChrysler CEO Dieter Zetsche would not rule out a sale of the Chrysler Group. According to a report by Reuters, Zetsche said all options are on the table.

“In this regard, we do not exclude any option in order to find the best solution for both the Chrysler group and DaimlerChrysler,” said Zetsche.

Following Chrysler Group’s $1.48 billion third-quarter loss, DCX CFO Bodo Uebber refused to rule out selling Chrysler. However, DaimlerChrysler issued a statement the next day saying Chrysler wasn’t for sale.

Zetsche refused to comment on a report that DCX has begun talks with General Motors for the Chrysler Group. Sources say that talks are in full swing but at an early stage.

Reports also indicate the Zetsche has hired investment bankers to review strategic options for the Chrysler Group.

## Source: Automotive News ##

Posted in: Chrysler, DaimlerChrysler, Business, News, Industry, Financial
RSS 2.0 Feed | Comments | Permalink |  Email This Post