Contact Us

Home> International News> News detail

DaimlerChrysler under growing pressure to sell Chrysler

From Agence-France-Presse | April 05,2007

A number of big institutional investors are turning up the pressure on German-US auto giant DaimlerChrysler to sell its troubled US unit Chrysler, the business daily Handelsblatt reported on Monday.

Among the investors, the powerful Union Investment fund and SEB, are to demand from DaimlerChrysler chief Dieter Zetsche at the car maker's annual general meeting this week a clear commitment to sell the loss-making unit.

"Under the current conditions, we believe it would make sense to spin-off Chrysler, since the market environment in the US will prove to be very difficult in the future," Union Investment fund manager Ingo Speich told the newspaper.

Handelsblatt also quoted SEB fund manager Juergen Meyer, as saying that a sell-off was the "preferred scenario".

Officially, DaimlerChrysler has said it is examining "all strategic options" for Chrysler, but nothing has been officially decided yet.

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us:

Install Gasgoo APP

Anytime and anywhere to know the dynamics of China's auto industry

Hot Auto Products| e-Catalog| Auto Products Directory| Auto Parts Manufacturers|

Gasgoo Site: Automotive News| 中文站| 汽车资讯| 出口供应商| 汽车社区|

Copyright Notice © 2016 Corporation and its licensors. All rights reserved.