>> Tuesday, February 17, 2009
Struggling to restructure itself to meet demands for the bailout, Chrysler is in talks with Renault-Nissan and parts supplier Magna to sell off its assets. Those assets include Jeep.
All parties currently deny that they're having this discussion, but Reuters is reporting otherwise. Why the hush hush? Carlos Ghosn is only interested in all or part of Chrysler if it actually gets all the bailout money. The companies are currently trying to figure out an arrangement that would permit the sale of one or more brands, but retain those brand's ability to benefit from the funding.
Le Figaro reports that Renault is trying to raise $3 Billion for the purchase by selling convertible bonds. Renault denies that claim. [via Reuters]