Chrysler: No plans to sell brands or plants

NEW YORK (AP) - Chrysler LLC Vice Chairman Tom LaSorda says the
automaker is not in talks to sell brands or plants that make
current models.

LaSorda made the remarks in a call with reporters Wednesday
morning. The comments were in response to reports that the company
was in talks to sell a factory to Canadian parts supplier Magna
International Inc. and the Jeep brand to the partnership
Nissan-Renault.

A Renault spokeswoman denies that the company is in talks to buy
assets from Chrysler. A Nissan representative in Tokyo and a Magna
spokeswoman in Michigan declined to comment.

LaSorda says Chrysler is not in talks to sell its plant in
Belvidere, Ill., and any sale above $100 million would require
government approval.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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