Wednesday, April 4, 2007
DaimlerChrysler confirmed it was in talks to sell Chrysler with unidentified potential buyers. It will be unlikely to realize anything close to its 1998 purchase price of $36 billion. Chrysler lost $1.5 billion in 2006 and has a $19 billion liability for health care costs. See NYTimes, DaimlerChrysler in Talks on Chrysler; WSJ, DaimlerChrysler Confirms Talks Over Future of Chrysler Division.