Date registered: Jul 2006
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Russians are eyeing Chrysler
FRANKFURT (MarketWatch) -- Russia's second-largest automotive company, OAO Gaz Group (GAZA.RS), is interested in acquiring Chrysler from U.S.-German carmaker DaimlerChrysler AG (DCX), German weekly Focus magazine reported Saturday, without revealing its sources.
In an advance copy of a report to be published in Monday's Focus, the magazine says Gaz isn't an unknown partner for DaimlerChrysler, as Chrysler already supplies four-cylinder engines for cars and mini-vans to the Russian carmaker.
DaimlerChrysler couldn't immediately be reached for comment Sunday.
DaimlerChrysler Chief Executive Dieter Zetsche earlier this month triggered speculation about a possible sale of Chrysler when saying "all options are on the table" after Chrysler posted disappointing earnings.