Much of the manoeuvring revolves around the three Detroit-based carmakers, General Motors, Ford Motor and Chrysler, whose survival is threatened by dwindling liquidity over the next 12 months as car sales wilt.
Chrysler, the smallest and most vulnerable of the three, is understood to have held talks on wide-ranging alliances with GM and with Renault-Nissan, the Franco-Japanese group.
Over the weekend, Chrysler, which is 80 per cent owned by Cerberus Capital Management, the New York hedge fund, said it was “looking at a number of potential global partnerships”. It declined to provide further details.
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