Chrysler 'to meet buyout group'
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Car giant Chrysler has opened its books to a buyout specialist for an in-depth look at its finances, reports say.
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At least six firms are expected to unveil proposed takeover bids for Jaguar and Land Rover, a report says.
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DaimlerChrysler AG  is advancing plans to sell or spin off Chrysler Group, its struggling U.S. unit, and has already received "several expressions of interest from around the world," the Wall Street Journal reported on its Web site on Sunday.
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DaimlerChrysler raised the prospect of parting company with its loss-making U.S. Chrysler arm on Wednesday, a move which could unwind a blockbusting 1998 merger creating the world's No. 5 car maker.
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DaimlerChrysler AG's Chrysler Group   DCXGn.DE could link up with a Chinese automaker to   launch a new small car as Chrysler works to conclude a review   of potential partners in the coming weeks, Chief Executive Tom   LaSorda said on Monday.
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Representatives from Cerberus Capital  Management  met executives from Chrysler Group on  Monday to consider a possible bid for the struggling automaker,  the Detroit News reported on Tuesday.
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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.
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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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Chrysler Group is set to join its Detroit-based rivals in the breakdown lane of the nation's auto industry, just a year after it was racing past those competitors in most measures of success.
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Chrysler Group Chief Executive Tom  LaSorda on Friday said that the closing of a $7.4-billion deal  for the acquisition of a majority interest in the automaker  from German parent DaimlerChrysler AG (DCXGn.DE) is &quot;very, very  close.&quot;
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Preliminary discussions have been held about a project that would provide Chrysler with a version of the big Chevrolet Tahoe sport utility.
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A string of firms are expected to unveil proposed takeover bids for Jaguar and Land Rover.
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Flush with cash after selling Chrysler, DaimlerChrysler  will spend up to 7.5 billion euros ($10.20 billion) to buy back nearly 10 percent of its shares over the next year, the carmaker said on Wednesday.
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Nissan Motor Co and Chrysler LLC are in preliminary discussions to supply cars, trucks and engines to each other, a source close to the talks said on Friday.
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Chrysler Group Chief Executive Tom LaSorda has told employees of the struggling automaker that it might take months before questions about a possible sale of the unit of DaimlerChrysler AG  could be answered.
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Chrysler Group Chief Executive Tom LaSorda on Friday said that the closing of a $7.4-billion deal for the acquisition of a majority interest in the automaker from German parent DaimlerChrysler AG  is "very, very close."
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Buyout firm Cerberus Capital Management LP  has hired Chrysler's former chief operating officer to advise it on a possible bid for the U.S. carmaker, the Financial Times reported on Wednesday.