Renault on Friday denied it was in talks to buy Jeep from Chrysler as record low auto sales and the financial crisis spur fresh merger tal k about the Big Three US automakers in a new global consolidation round.
General Motors Corp, Ford and Chrysler, seeking to maximize cash returns while battling with a declining home market due to high petrol prices and an economic recession, are expected to put brands both in the United States and overseas for sale or to seek tie-ups to slash production costs. More
Courtesy: indiacar.net
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