Chrysler Group renews search for China partner

For much of 2008, when it was still owned by private equity firm Cerberus Capital Management, senior Chrysler management has searched for a buyer or partner for all or parts of the struggling automaker.

Those ultimately failed talks involved major automakers including GM, Hyundai Motor Co, Fiat and Nissan Motor and potential partners in the fast-growing markets of China and Russia.

Early this year, Chrysler had discussions over potential asset sales with Beijing Automotive Industry Holding Co, Tempco International Group, Hawtai Automobile and Chery Automobile Co, according to an affidavit in its bankruptcy case.

(Reuters)