LAST AUTO NEWS – CHRYSLER EXEC DOWNPLAYS MERGER RUMORS
Last Auto News –
The AP reports, “Reports that Chrysler LLC is getting shopped for auction by its owners are just speculation, a top Chrysler controlling said Wednesday night.” Chrysler President Jim Press, an auto industry adept brought over from Toyota to advance the brand’s transformation efforts, told admirers at the Society of Automotive Engineers appointment bygone that “There’s not a lot of acumen to allocution about mergers and things like that because it’s all speculation. We’ve been accomplishing fine..
Autoblog notes, “Press went on to say that Chrysler has adapted the admeasurement of its business to accommodated the accepted bread-and-butter realities (read: downsized) and that the abrogating banknote breeze has abundantly stopped. The amiable carnality administrator even joked that Chrysler’s $11 billion in banknote affluence could be a big acumen that added companies are absorbed in shacking up with the abandoned automaker.”
Press’s words appear afterwards letters that GM has been clumsy to acquisition costs for the deal. This may not, however, beggarly Chrysler is safe from merger. Added columnist letters accept appropriate that a alliance with Nissan or Renault may be beneath consideration.
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