Chrysler CEO Confirms Jeep Brand NOT for Sale

Date 2008/5/15 10:41:18 | Topic: Miscellaneous

In an article on Bloomberg.com, Chrysler CEO Bob Nardelli once again confirmed that the Jeep Brand is not for sale and that Chrysler's financial turn-around is on schedule:
Chrysler LLC, the third-largest U.S. automaker, is ahead of its 2008 goals for generating cash and running the business, and will post a ``significantly lower'' loss than in 2007, Chief Executive Officer Robert Nardelli said.

``We're not out looking for more money,'' Nardelli, 59, said in a Bloomberg Television interview today. ``We're not going to run out of cash.'' He said he isn't considering bankruptcy or selling the Jeep brand.



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