Automotive News continues to insist that General Motors is in talks with DaimlerChrysler about the possible buyout of the Chrysler Group. Inside sources in both the U.S. and Germany claim that GM is interested, and that high-level talks are taking place between executives.

GM spokesman Tony Cervone wouldn’t comment, but said, “We have always said that conversations (between GM and many other parties) have happened all the time, and many times they don’t come to fruition.”

When asked about the deal, Klaus Franz, a top GM executive in Europe, said acquiring Chrysler would be a “disaster”. “This is only a step to remain the number-one automaker,” added Franz.

All of this speculation was launched by DaimlerChrysler CEO Dieter Zetsche stating that the company was open to all options for the Chrysler group, including a sale.

## Source: Automotive News ##

Posted in: Chrysler, DaimlerChrysler, GM, Business, News, Industry, Financial
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