Daimler still wants to sell its almost one fifth stake in Chrysler, a spokesman for the German company was quoted as saying on Tuesday, ahead of confirmation Fiat would join forces with the US automaker.
Go deeper with GlobalData
“We are still trying to divest our 19.9% stake in Chrysler,” the spokesman told Reuters, declining to discuss to whom it wanted to sell the holding.
It has been in talks with private equity group Cerberus Capital Management, which bought the rest of Chrysler in 2007, the report said.
The spokesman declined to comment on prospects for a combination of Fiat and Chrysler but said: “We welcome any initiative that serves to stabilise the situation at Chrysler and preserve jobs at the company.”
Daimler had not ruled out the idea of seeking German state guarantees for its finance arm, he added, noting the company did not want to be at a competitive disadvantage should rivals make use of the programme for their financing operations.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataVolkswagen has already applied for such guarantees and BMW has said it is considering the idea, Reuters said.
