Chrysler: Sale decision may take months
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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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General Motors is in talks to buy DaimlerChrysler AG's struggling Chrysler group in its entirety, according to several reports.
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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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Sales of small pickups are still in the dumps, but car companies have thoughts about picking up this business.
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Chrysler Corp. on Wednesday postponed  its $12 billion auto loan deal, while Chrysler Financial  Services sweetened the pricing on $6 billion of term loans for  the second time, market sources told Reuters Loan Pricing Corp.
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With postponed deadlines and secret meetings, Fiat SpA and General Motors Corp. have kept everyone guessing about whether the Italian group will exercise an option forcing the U.S. carmaker to buy its troubled auto division.
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Automaker Chrysler LLC aims to cut its product lineup by around a half and dramatically shrink its dealership network so it can sell its three brands under one roof, the Wall Street Journal reported on Friday, citing people familiar with the plan.
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Italian industrial group Fiat is to wait until at least February 2 to exercise its right to sell the troubled Fiat Auto division to US giant General Motors.
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DaimlerChrysler is said to prefer to sell the struggling Chrysler Group in one piece, rather than let potential bidders pick and choose among its assets.
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U.S. car and truck sales likely slowed  in October from incentive-driven, surprisingly strong levels in  September, and Detroit automakers look set to take most of the  fall.
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NEW YORK/DETROIT  - General Motors Corp.  is in preliminary talks to buy Chrysler, a source familiar with the situation said on Friday.
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U.S. car and truck sales likely slowed in October from incentive-driven, surprisingly strong levels in September, and Detroit automakers look set to take most of the fall.
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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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Chrysler Group should end 2006 with a   higher market share than it held during the earlier months of   what has been a "difficult" year marked by declining sales and   market share, a senior executive said on Wednesday.
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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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Italians are nervous Fiat will take the extreme option of hiving off its auto arm to General Motors in 2005, but analysts say it is unlikely to sell until the 105-year-old carmaker is clear of crisis.
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DaimlerChrysler AG (DCXGn.DE) 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.