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Chrysler sale talks advance
- Thursday, April 05 - 2007 at 08:40
DaimlerChrysler has confirmed it is looking for buyers for its Chrysler business, news agencies reported. Cerberus, Blackstone and Magna had submitted formal offers for the group's loss-making US venture, the Detroit Times reported. The report said DaimlerChrysler was expected to choose one bidder for exclusive negotiations by the end of April, hoping to get around $8bn.
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James McInerney, News EditorThursday, April 05 - 2007 at 08:40 UAE local time (GMT+4)
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This article was updated on Sat May 26 2007.
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