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October 22, 2008
Nissan Motor Co. and partner Renault SA may hold a 20 percent stick in Chrysler LLC, the Detroit News reported, citing people fraternal through the difficulty.
The overture has been submitted to Cerberus Capital Management LP, which acquired the U.S. carmaker from Daimler AG, the News reported. Nissan would agree the ready money for any share on this account that the cause that Renault has debts of greater amount of than $5 billion, the newspaper declared.
Nissan spokeswoman Haruko Wada in Tokyo declined to remark what one. time contacted by dint of. Bloomberg News. Paris-based Renault spokeswoman Frederique Le Greves related the congregation has not offered to partake in buying a stake in Chrysler and is not in any discussions. A speaker for Cerberus in New York couldn’t closely subsist reached.
Nissan has been exploring a deeper affinity through Auburn Hills, Michigan-based Chrysler because that February, when officials met in Japan, the News uttered. Private-equity robust Cerberus prepared a make an outline of agreement and Carlos Ghosn, chief of Renault and Nissan, responded with a revised proposition in novel days, the newpaper before-mentioned.
Nissan-Renault Seeking 20% Stake in Chrysler, Detroit News Says - bloomberg.com
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