A report in Monday’s, London based, Financial Times says that DaimlerChrysler AG is considering selling the Chrysler Group in return for a stake in GM. While DaimlerChrysler AG is still looking into possibility of a cash sale to private equity firms including Apollo Management LP, Blackstone Group, Cerberus Capital Management LP and Carlyle Group, the Chrysler group owner is also weighing the possibility of trading Chrysler for the GM stake.
DaimlerChrysler AG had no comment on the report and said that all options for Chrysler are being considered. GM also had no comment. We also have no comment.
[tags]Cars, Car, Auto, Automobile, Vehicles, Technology, Auto News, News, DaimlerChrysler, Chrysler, GM[/tags]