F&I Management & Training

US investment bank JP Morgan is set to begin a £7bn auction of Chrysler, the struggling U.S. arm of DaimlerChrysler this week. Interested parties include GM, which is already in preliminary talks with Chrysler’s parent about an acquisition of all or part of Chrysler. They are reported to be particularly interested in its Jeep and Dodge brands. Korean firm Hyundai is also on the list of interested bidders. Last week, DaimlerChrysler said it would cut 13,000 jobs in North America and indicated it could sell or spin off the unit, which it bought nine years ago.

DATED: 20.02.07

FEED: MT