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Tuesday, 15 May 2007, 19:48 GMT 20:48 UK

No break-up planned at Chrysler

Chrysler Group chief executive Tom LaSorda The Jeep, Chrysler and Dodge brands will not be broken up following the sale of Chrysler, which owns all three.

"These brands will not be broken up under any circumstances," said Chrysler Group's chief executive Tom LaSorda.

The comments came a day after its German parent company DaimlerChrysler announced it was selling most of the company to Cerberus Capital Management.

Mr LaSorda has been asked to stay on at Chrysler following the 5.5bn-euro ($7.41bn; £3.7bn) takeover.

He said he was looking forward to being able to take longer-term decisions under private ownership.

"I also look forward to pursuing other partnerships that are in the best interest of Chrysler," he said.

"We aren't big in Asia and we have no presence in India and we would like to grow in those two areas."



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Related to this story:
Chrysler losses widen at Daimler (15 May 07 |  Business )
Cerberus to buy Chrysler majority (14 May 07 |  Business )
Daimler shareholders seek quick sale (05 Apr 07 |  Business )
DaimlerChrysler cuts 13,000 jobs (14 Feb 07 |  Business )
Globalising the car industry (28 Feb 07 |  Business )
Chasing the baby boomers (09 Jan 07 |  Business )

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