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Chrysler: No plans to sell brands or plants

Chrysler: No plans to sell brands or plants

Chrysler LLC Vice Chairman Tom LaSorda says the automaker is not in talks to sell brands or plants that make current models.
LaSorda made the remarks in a call with reporters Wednesday morning. The comments were in response to reports that the company was in talks to sell a factory to Canadian parts supplier Magna International Inc. and the Jeep brand to the partnership Nissan-Renault.
A Renault spokeswoman denies that the company is in talks to buy assets from Chrysler. A Nissan representative in Tokyo and a Magna spokeswoman in Michigan declined to comment.
LaSorda says Chrysler is not in talks to sell its plant in Belvidere, Illinois, and any sale above $100 million would require government approval.


Updated : 2021-04-23 06:45 GMT+08:00