Chrysler looking to sell two axle plants - WSJ

Newswire

NEW YORK, April 28 (Reuters) - Chrysler LLC is seeking buyers for two Michigan axle plants as it tries to back away from producing auto parts in-house, the Wall Street Journal reported on Monday, citing people familiar with the matter. In the past two months, Chrysler has approached private equity groups and axle suppliers Dana Holding Corp and American Axle & Manufacturing Holdings with an offer to sell the plants for about $400 million, the report said. The automaker is looking for ...

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