Will Chrysler be sold? LaSorda tells dealers answer will come quickly

Automotive News / March 21, 2007 - 5:35 pmChrysler group CEO Tom LaSorda told dealers today that the lingering issue of the future ownership of the company will be resolved quickly, according to The Wall Steet Journal's Web site.

The newspaper quoted a dealer at the Florida meeting as saying that LaSorda "assured us that it wouldn't drag on." LaSorda declined to discuss the possible sale of Chrysler in detail, citing legal constraints, the paper said.

Private-equity groups Cerberus Capital Management LP, the Blackstone Group; Centerbridge Partners LP; General Motors; and supplier Magna International Inc. have all shown interest in possibly acquiring Chrysle