DETROIT (AP) -- Chrysler Group Chief Executive Tom LaSorda has spent the past few days soothing the nerves of employees and dealers as stories swirl about a possible sale of his company.
LaSorda sent an e-mail message to workers on Wednesday saying that he knows there have been a "frenzy of rumors" since last week's announcement that German parent DaimlerChrysler AG is seeking partners and strategic options for its U.S. operations.
Chairman Dieter Zetsche wouldn't rule out selling Chrysler, and late last week, reports surfaced that General Motors Corp. was among the entities interested in buying the company.
In his message, LaSorda said he couldn't respond to the reports because of legal requirements, but said the DaimlerChrysler Board of Management has a duty to consider all options.
"It may take weeks or months before official comments can be made on some issues," the e-mail said, adding that the DaimlerChrysler board has strongly endorsed the struggling Chrysler's recovery plan.
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http://biz.yahoo.com/ap/070222/chrysler_lasorda.html?.v=1
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