GM assembles group to explore relationship with Chrysler

According to the Financial Times, General Motors has actually created a group to explore a potential purchase, alliance or other relationship with the Chrysler Group. Rumors have continued to persist that General Motors is interested in outright purchasing the Chrysler Group from DaimlerChrysler, but the fact that this exploratory group is headed by the same guy, Fritz Henderson (shown), who led the team that studied and eventually recommended against a possible tie-up with Nissan/Renault, adds more fuel to the fire. Of course, GM is still sticking to its original comment on the situation, which is that it regularly has discussions with other automakers on topics of mutual interest.

So far Hyundai, Volkswagen, Fiat and Nissan/Renault have ruled themselves out as potential buyers for the Chrysler Group, though reports have surfaced that at least four private equity groups are in preliminary talks with DCX concering a possible purchase deal. DaimlerChrysler CEO Dieter Zetsche has been quoted as saying that "all options are on the table." Just like it was with the exploratory group set up to study the Nissan/Renault deal, it will be months before Fritz and the gang will be able to provide a recommendation to GM.

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