AFX News Limited
Chrysler being courted by 3 Chinese carmakers - report
02.27.07, 7:32 PM ET
BEIJING (XFN-ASIA) - Three China-based automakers have separately begun talks with DaimlerChrysler AG about potentially buying its Detroit-based Chrysler unit in order to speed up their global expansion, the South China Morning Post reported, citing unnamed sources.
Shanghai Automotive Industry Corp (SAIC (nyse: SAI - news - people )), Jilin-based FAW Group Corp and Anhui-based Chery Automobile have joined carmakers from around the world in early talks with the German company about acquiring all or part of the third-largest US automaker, the Hong Kong newspaper reported.
The report did not say whether any of the Chinese players were planning to be part of a joint bid with foreign rivals.
Yesterday, Shanghai-based Oriental Morning Post cited unnamed sources as saying that FAW Group was considering a bid for Chrysler, adding that the Chinese carmaker had already dispatched representatives to the US for talks.