No word yet on possible Chrysler sale

Thursday, April 5, 2007

The Associated Press

BERLIN -- Shareholders of DaimlerChrysler AG had hoped for a decision on the sale of the money-losing Chrysler unit, or at least news on when that might happen -- but got neither Wednesday at a meeting marked by simmering tension over the automaker's future.

The company's board would acknowledge only that an outright sale was among the options being considered -- despite an ongoing recovery plan to stem losses, cut 13,000 North American jobs and pare back production.

Shareholders -- many of whom have criticized from the start the 1998 merger of Daimler-Benz and Chrysler Corp. -- were agitated about the lack of updates.

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