AP:DaimlerChrysler's Chairman Confirms It Is in Talks to Sell Beleaguered Unit [Archive] - Ford Inside News Community

: AP:DaimlerChrysler's Chairman Confirms It Is in Talks to Sell Beleaguered Unit


ndwariga
04-04-2007, 06:12 PM
BERLIN Confirming weeks of conjecture and rumor, DaimlerChrysler AG (javascript:siteSearch('DaimlerChrysler AG');)'s chairman said Wednesday that it has been in talks with people about the sale of its struggling Chrysler unit.
"In this context, I can confirm that we are talking with some of the potential partners who have shown a clear interest," chairman Dieter Zetsche (javascript:siteSearch('Dieter Zetsche');) said before the company's annual shareholder meeting.
He did not name any of the companies that have been in talks.
Zetsche stunned the automotive (http://www.foxnews.com/story/0,2933,263861,00.html#) world on Feb. 14 when he said that continued losses and fierce competition in the United States meant that the German-American automaker was considering all options for its Chrysler unit, including a possible sale.
Zetsche did not say whether any decision to sell Chrysler had been made or if the company was any closer to a solution.
"It is also true that we need to keep all options open, and that I cannot disclose any details, because we need to have the maximum scope for maneuver," he said in a copy of his remarks to shareholders released ahead of the meeting.


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