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Chrysler in Talks to Sell Key Assets: Report

Stock quotes in this article: NSANY , MGA , GM  

Updated from 1:25 a.m. EST

Chrysler is in talks to sell key assets to Renault-Nissan and Canadian auto supplier Magna(MGA Quote), Reuters reports, citing people with knowledge of the discussions.

Renault-Nissan and Chrysler, which is owned by Cerberus Capital, had some contact about a sale of all or parts of the U.S. automaker last year before the U.S. government in December stepped in to bail out Chrysler and General Motors(GM Quote).

Reuters reports the current talks with Renault-Nissan gathered momentum in recent weeks and have included discussions about a deal to sell Chrysler's Jeep brand. ...

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