No Serious GM-Chrysler M&A Talks
CNBC Auto and Airline Industry Reporter
General Motors doesn't appear to be in serious negotiations to buy Chrysler Group from its German parent, DaimlerChrysler.
Regarding the Automotive News story that GM is in talks to buy Chrysler in its entirety, near as I can tell, there is not a serious negotiation going on. It doesn’t mean it couldn’t happen down the road, but it seems like we may be getting ahead of ourselves.
The automotive trade publication reported on its Web site that high-level talks were taking place between GM and DaimlerChrysler, citing unnamed sources in Germany and the U.S.
The potential deal between the two automakers could go beyond cooperation on joint development of a large sport utility vehicle, the magazine said.
A spokesman for GM declined comment on the report.
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