GM trails in bidding for Chrysler

March 27 2007 01:16

General Motors' offer to acquire the Chrysler group has moved to the back burner. Several weeks ago the automaker offered to buy the Chrysler group. But DaimlerChrysler deems GM's bid to be too low, say two sources familiar with the negotiations. According to published reports, the lead bidders appear to be two private equity funds and Canadian supplier Magna International Inc.