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Old 10-27-2006, 07:43 PM   #2
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DaimlerChrysler Won't Sell Chrysler Group
The Daily Auto Insider
Friday, October 27, 2006

Speculation that DaimlerChrysler might sell its Chrysler Group (which lost $1.5 billion in the third quarter of 2006) mounted after Chief Financial Officer Bobo Uedder gave vague answer to analysts in a recent conference call who asked if it could be sold off.

In reaction, DaimlerChrysler said in a news release that it "reaffirms its previous statements made to the media that there are no plans to sell Chrysler Group. During today's third-quarter earnings analyst/media conference call, the company appropriately chose not to add to the speculation regarding this topic. However, the resulting coverage and comments made it clear that this 'not-for-sale' statement needed to be reaffirmed."
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