Chrysler owned by GM?
According to sources in Germany and in the United States, there have been rumors about the well-known General Motors buying the now troubled Chrysler.
After the announcement of Chrysler’s $1.3 billion dollar loss it has been reported that, there have been “high-level” talks between GM (General Motors) executives and DCX (DaimlerChrysler AG - USA). According to sources, GM is probably going to liquidate most Chrysler’s assets and create a marketing division by combining Chrysler-Dodge-Jeep in one dealership network.
While GM is interested in taking the ownership of Chrysler, Hyundai has issued a statement that they do not have any intentions of buying the $13 billion company. JPMorgan is reportedly preparing for the auction of Chrysler.
GM stock keep going up: