BUSINESS
02/13/2009 05:12 am ET Updated May 25, 2011

Chrysler In Talks To Sell Assets To Renault And Magna: Sources

DETROIT - Chrysler is in talks to sell key assets to Nissan-Renault and auto supplier Magna as it rushes to restructure after taking $4 billion U.S. government loans, according to people with knowledge of the discussions.

The string of potential deals would deepen ties between Chrysler LLC and two of its key current partners but could also mark the end of the struggling No. 3 U.S. automaker as an independent venture.

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