Chrysler considers merger options
Monday, 13 October 2008
DETROIT, Michigan, Oct 12 (AFP): US automaker Chrysler considered several new partnership options Sunday, including mergers with Renault-Nissan and General Motors, industry and union officials said.
Two sources, one an executive at a rival company and another a key official from the United Auto Workers, said talk of merger of Chrysler with Renault-Nissan had been alive for a week.
"I think that might make some sense. You would combine Asia, Europe and the US in one company," noted the union official who asked not to be identified.
"I don't see what the advantage would be in combining Chrysler and GM since they're both so heavy into trucks," the official added.
Meanwhile, officials from both Chrysler and GM confirmed the two companies had been holding talks.
"As we have said, the company is looking at a number of potential global partnerships as it explores growth opportunities around the world," said Chrysler spokeswoman Lori McTavish.
Two sources, one an executive at a rival company and another a key official from the United Auto Workers, said talk of merger of Chrysler with Renault-Nissan had been alive for a week.
"I think that might make some sense. You would combine Asia, Europe and the US in one company," noted the union official who asked not to be identified.
"I don't see what the advantage would be in combining Chrysler and GM since they're both so heavy into trucks," the official added.
Meanwhile, officials from both Chrysler and GM confirmed the two companies had been holding talks.
"As we have said, the company is looking at a number of potential global partnerships as it explores growth opportunities around the world," said Chrysler spokeswoman Lori McTavish.