Chrysler CEO mum on de-merger rumors

In a letter sent to Chrysler employees today, CEO Tom LaSorda encouraged workers to continue to "produce great cars and trucks," but refused to deny rumors of a possible sale or spin-off of the Chrysler Group from DaimlerChrysler.





"Journalists and analysts have been busy conjecturing over what will happen," LaSorda wrote. "We simply cannot respond to these reports. The Board of Management has a duty to consider all options; but while this process is ongoing, the Board - including myself - can't comment on developments because of strict legal requirements."

"It may take weeks or months before official comments can be made on some issues."

LaSorda's comments seem to confirm drastic strategies are being considered by the automaker. Recent rumors have suggested General Motors is seriously considering acquiring the Chrysler Group and integrating it into its family of brands and products.