Carmaker DaimlerChrysler has admitted for the first time that it has held talks with parties interested in securing its Chrysler group.
The Germany-based group's chairman used his annual meeting speech to confirm that discussions with suitors were being held.
Dieter Zetsche said: "I can confirm that we are talking with some of the potential partners who have shown a clear interest [in buying Chrysler]."
Since being bought by Daimler in 1998, Chrysler has suffered a reversal in fortunes in the US, recording losses of $1.5 billion (£776 million) in 2006; partly due to a growing awareness of climate change stateside leading to faltering sales in gas-guzzling heavy duty vehicles.
Dr Zetsche did not mention any of the interested parties by names, but General Motors and Canada-based Magna are reported to be involved in the talks.
The chairman continued in his speech that DaimlerChrysler needed "to keep all options open," adding that he could not disclose any more details "because we need to have the maximum scope for manoeuvre".
"This means, that after reviewing all options, we will finally decide for the option that best meets our criteria," he said.
"So far, I am satisfied with the process. Everything is going according to plan."
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