Other
Volkswagen has no plans to buy Chrysler unit
Wednesday, 21 February 2007 19:34Volkswagen, Europe's biggest car maker, said today it was not interested in acquiring DaimlerChrysler's struggling US unit.
'There are no such considerations at the moment,' a spokesman for VW said when asked whether the company wanted to acquire Chrysler or expand its partnership with the US company.
Chrysler and VW agreed last year to build the mini-van model in the Chrysler production facility and sell it bearing the VW brand.
Advertisement
A report last Friday said that General Motors was in talks to buy all of the rival Chrysler Group.
DaimlerChrysler said last week it planned to axe 13,000 jobs at its loss-making Chrysler subsidiary as part of a broad restructuring plan aimed at returning the US unit to profitability by 2008.
Advertisement
