GM in preliminary talks to buy Chrysler: source
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NEW YORK/DETROIT  - General Motors Corp. is in preliminary talks to buy Chrysler, the struggling U.S. arm of DaimlerChrysler AG, a source familiar with the situation said on Friday.
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Auto giant DaimlerChrysler AG   DCXGn.DE is in detailed discussions with China's Chery   Automobile to make cars for sale in the United States and other   markets and could finalize the deal soon, sources said on   Friday.
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DETROIT -- Contract talks between the United Auto Workers and General Motors Corp., the nation's largest vehicle manufacturer, got under way Monday.
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General Motors Corp. GM.N said on  Wednesday it will offer buyout packages early next year to its  salaried employees in the United States to cut costs.
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Magna International  Chairman Frank Stronach said it was too early to say whether the autoparts maker would bid for all of DaimlerChrysler AG's  Chrysler unit but confirmed the two companies plan to meet, according to a newspaper report on Friday.
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A detailed sales prospectus for Chrysler Group will be ready for potential buyers of the automaker soon, a source close to the process told Reuters on Friday.
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The deal could be the first step toward a possible broader alliance between Chrysler and Nissan of Japan.
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General Motors Corp will offer buyouts or early retirements to all 74,000 U.S. hourly workers represented by the United Auto Workers in a sweeping deal with the union intended to clear the way for GM to hire lower-cost replacements.
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General Motors Corp., the world's  largest automaker, will sign an agreement this week to sell its  money-losing locomotive unit to two private U.S. equity groups,  sources familiar with the negotiations said on Tuesday.
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Chrysler LLC is offering buyouts of up to $100,000 to an unidentified number of hourly workers at 12 of its Detroit-area facilities, a spokeswoman said on Monday.
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DaimlerChrysler AG's  Chrysler Group and General Motors Corp.  are in talks on a joint project that would provide Chrysler with a version of the big Chevrolet Tahoe sport utility, the New York Times said on Friday, citing people with direct knowledge of the talks.
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General Motors Corp.  will  continue talks until mid-October with Renault-Nissan to create  a global alliance, GM said in a statement issued after a  Wednesday meeting between the CEOs of the automakers in Paris.
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The Franco-Japanese automaker dispelled rumors that it is interested in buying Chrysler.
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The pace of activity around a possible  sale of DaimlerChrysler AG&#39;S (DCXGn.DE) Chrysler Group is  accelerating, after several potential buyers met with  management before presenting preliminary offers by the end of  the month, The Wall Street Journal reported.
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DETROIT -- With handshakes and smiles, negotiators from Chrysler Group and the United Auto Workers formally begin contract talks Friday that many consider to be crucial to the survival of Detroit's three automakers.
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Fiat SpA said Wednesday that no agreement was reached in a meeting with General Motors Corp. that was expected to focus on the possible sale of the Italian giant's auto business.
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Fiat's board is due to meet on Sunday, a  source close to the company said, as newspapers reported that  the Italian carmaker was close to settling a long-running  wrangle with U.S. partner General Motors.