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DaimlerChrysler Confirms Potential Buyers Interest
Posted by Kip Walton on: Wednesday 4 April 2007

DaimlerChrysler CEO Dieter Zetsche confirmed Wednesday that the company is talking with potential buyers who he said have a "clear interest" in buying its money-losing Chrysler unit


But he would not give details of discussions and said all options for the No. 4 U.S. automaker are still on the table.

"In this context, I can confirm that we are talking with some of the potential partners who have shown a clear interest," he said early Wednesday in introductory remarks at the company's annual shareholder meeting in Berlin.
Chrysler's Newark, Del., assembly line is one of the plants the company plans to close to trim losses.

CNN's Melissa Long looks at the emergence of pay-per-use 'flexcars' in metropolitan areas. (April 2)
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"But it is also true that we need to keep all options open, and that I cannot disclose any details, because we need to have the maximum scope for maneuver," he added, saying that the company's management requires "the greatest possible flexibility so that we can identify and then professionally implement the best possible solution."

He said it would be "irresponsible" to give more details of the discussions at this time.

"So far, I am satisfied with the process. Everything is going according to plan," he said.

But some German shareholders at the meeting, while happy the company is moving to unwind the 1998 merger, expressed less confidence in the deal and DaimlerChrysler's management.

"If Chrysler is finally led before the divorce court judge, we would be very grateful," said Henning Gebhardt, head of German equities for Deutsche Bank (Charts) fund management arm DWS, according to wire service Reuters. "But what happens if you don't find a new bridegroom or if he demands an inappropriately high dowry?"

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