Thought some might find this interesting:
Report: GM in talks to buy Chrysler
Dale Jewett | | Automotive News / February 14, 2007 - 4:39 pm
DaimlerChrysler is reportedly talking with General Motors about the possibility of GM's buying the Chrysler group, according to the German magazine Manager Magazin.
The magazine cited company sources as saying the talks were in full swing but still at an early stage.
The report came today as DaimlerChrysler AG said it was open to all options for the Chrysler group. Chrysler today unveiled a restructuring plan as it posted a $1.47 billion loss for 2006. That plan calls for cutting
13,000 jobs in the United States and Canada by 2009.DaimlerChrysler CEO Dieter Zetsche declined to comment on the report.
"I cannot and will not go into any further details," Zetsche told reporters in Detroit, where he announced the automaker's 2006 results.
A GM spokeswoman also declined to comment on the report.
DaimlerChrysler has retained JPMorgan Chase & Co. to consider options for the Chrysler group, the Detroit News reported this afternoon.
In a report on its Web site, the newspaper quoted unidentified company sources as saying the automaker had hired the investment bank.