Chrysler For Sale, Who will buy?

Daimler CEO put rumours to rest today announcing that the Chrysler division will be divested after poor financial performance. "I can confirm that we are talking with some of the potential partners who have shown a clear interest," Zetsche said. Since the CEO stated that the company would restructure and might even sell its Chrysler division, the company share price as risen close to 30 perent.

Daimler purchase the number 3 US auto maker in 1998 for 35 billion dollars and it has proven to be a disastrous investment has Chrysler has losses in excess of 1.5 billion dollars. Current bids for Chrysler ranges from 4 billion to 8 bilion dollars.