DETROIT — Chrysler Vice Chairman Jim Press says the automaker has received three offers to buy its Dodge Viper business and is conducting due diligence as part of the sale process.
But Chrysler is not likely to close a deal before a March 31 deadline set by the federal government. By that date, the automaker must submit a plan demonstrating its long-term viability in order to secure a $4 billion federal loan. The automaker also faces a February 17 deadline to send a restructuring plan to the U.S. Treasury.
According to Automotive News, Viper sales jumped 74 percent in January — to 127 units.
Inside Line says: Take the money and run, Jim. — Paul Lienert, Correspondent
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