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Chrysler sale seen done by May

DaimlerChrysler wrap up a sale of its ailing U.S. arm Chrysler as early as next month, a source familiar with the situation said yesterday, according to Reuters.
Corporate strategy chief Ruediger Grube was in New York for talks with potential buyers, the source told Reuters, adding that a deal in May was likely but not definite.
The source said the talks would not produce a deal in time to present it to the carmaker's supervisory board this month. "This will take some time. There are a lot of aspects to take into account," he said.

Posted by   at 9:34 AM to Companies | Permalink

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