Zetsche: Daimler is not "auctioning" Chrysler

DaimlerChrysler CEO Dieter Zetsche has told a German newspaper that DCX is not committed to separating from the Chrysler Group and may end up staying as a single company when all is said and done. He also stated the Chrysler is not on the auction block to all potential bidders. Rather, Daimler is willing to share information with potential buyers at their own discretion.

A number of potential buyers including several private equity firms are looking at purchasing the Chrysler Group, including the Blackstone Group, which has been given access to the books to determine how much if anything to bid. Daimler apparently wants to make sure that whoever might buy Chrysler actually has the financial resources to make a go of it, rather than oversee a fiasco like the collapse of the Rover Group after BMW divested it.

[Source: Automotive News - sub. req'd]

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