In the saga that is the potential sale of the Chrysler Group, another automaker is said that it is not interested in acquiring the troubled American arm of DaimlerChrysler. Last week, China’s SAIC said it does not have any current plans for any overseas acquisitions. This announcement came in response to a Hong Kong newspaper report that China’s largest automaker carmaker had begun talks with DaimlerChrysler AG about buying Chrysler.

“We have no plans for acquisitions at the moment,” said SAIC spokeswoman Zhu Xianjun.

The potential sale of the Chrysler Group has lead to speculation that Chinese automakers, including FAW, SAIC and Chery Automobile, may be interested in Chrysler as an easy way of the entering the U.S. market.

However, it looks like SAIC is another automaker is in expanding list of automakers that is not interested in the Chrysler Group. Volkswagen, Fiat, Nissan-Renault, Hyundai, and now SAIC have all said they were not interested in Chrysler.

## Source: Reuters ##

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