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Latest Business News

Chrysler Seeks Balance Amid Sale Rumors

Friday, February 23, 2007 10:26:55 PM
By TOM KRISHER

 Unsold 2006 300 sedans sit on the  lot of a Chrysler-Jeep dealership in the south Denver suburb of Englewood, Colo., in this Dec. 3, 2006 file photo. DaimlerChrysler AG, which is examining options for its struggling American arm, will offer detailed financial information on the Chrysler Group on a selective basis to potential buyers, a senior company official close to the situation said Friday, Feb. 23, 2007. (AP Photo/David Zalubowski, file)DETROIT (AP) - Whatever was normal inside Chrysler's Auburn Hills headquarters is normal no more as top executives simultaneously try to manage a major restructuring plan while selling cars — and possibly their company.

A senior Chrysler official said Friday that the company is giving detailed financial information to selected potential suitors and is working with its investment bank, J.P. Morgan Chase & Co., to avoid divulging sensitive information.

The Chrysler official, who spoke on the condition of not being identified because the information is confidential, said the company is assembling a list of potential qualified suitors that the official would not identify.


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