DETROIT -(Dow Jones)- United Auto Workers President Ron Gettelfinger on Wednesday characterized the news swirling around the future of the Chrysler Group as "pure speculation" and suggested that the U.S. arm of DaimlerChrysler AG (DCX) may not be sold.
DaimlerChrysler last week said it is considering a slate of strategic options for its ailing Chrysler unit, and management did not rule out a potential sale. Chrysler lost $1.5 billion in 2006, and there have been a slew of media reports suggesting that various suitors, including General Motors Corp. (GM), are in talks about potentially buying Chrysler.
Gettelfinger, speaking to Detroit radio station WJR, said, "I've talked to a lot of people, a lot of people, about this, (and) it's pure speculation right now."
He suggested "it may end up that it's not sold. Who knows?"
Gettelfinger said he has "absolutely no opinion" on GM's possible consideration of a tie-up with Chrysler.
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