DaimlerChrysler boss Dieter Zetsche is studying a proposal to sell-off the company’s troubled US arm Chrysler.
After newspaper reports published in Germany today (14 February) suggested that DC was considering dumping the Chrysler Group, confirmation of the possibility came from DaimlerChrysler just hours ago.
"Today the supervisory board will reach a decision on the subject of restructuring the Chrysler Group. The board of management intends to consider other, more far-reaching strategic options with partners in order to support and facilitate the program," the company said.
"No option is being excluded in the interest of arriving at the best possible solution for the Chrysler Group and DaimlerChrysler as a whole."
Citing supervisory board member sources, German newspaper Handelsblatt this morning claimed that Zetsche has commissioned a US investment bank to examine all possible options for Chrysler.
Zetsche is expected to announce losses of over $1billion in 2006 for the American group of car brands that includes Chrysler, Jeep and Dodge.