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In Talk of Chrysler Spin-Off, Firms Angle, Stock Rises

For a week now, there has been talk that DaimlerChrysler might want to sell its poorly performing Chrysler division. DaimlerChrysler's chairman has refused to rule out selling Chrysler. And at least one newspaper quotes sources today indicating that the company really is moving to sell.

DaimlerChrysler's stock is way up on the news.

Robert Siegel talks with Micheline Maynard, New York Times Detroit bureau chief, who says that there appears to be interest from some other European auto companies in buying Chrysler as a way to get back into the American market.

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When Daimler bought Chrysler, the idea was to have strong all-around performance. But as it has turned out, when Chrysler is up, Daimler has been down, and vice versa.

When DaimlerChrysler's chairman refused to rule out selling Chrysler middle of last week, the rumor mill really got going. The Wall Street Journal quotes sources today indicating that the company really is moving to sell.

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