GM going to bid on Chrysler?
Reports: GM in talks to buy Chrysler Group Sources say the No. 1 automaker may buy DaimlerChrysler's struggling auto unit, according to reports.
February 16 2007: 4:05 PM EST
NEW YORK (CNNMoney.com) -- General Motors is in talks to buy DaimlerChrysler AG's struggling Chrysler Group in its entirety, according to several reports.
According to the reports, sources in Germany and the United States said high-level talks between GM and DaimlerChrysler executives are taking place.
Chrysler, which has already announced plans to close plants like this one in Newark, Del., and cut 13,000 jobs, could be sold to rival General Motors, according to published reports.
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