What going on with Chrysler?

Is Chrysler being sold? Will they be no more?

Someone please explain to me in lay-woman terms whats going on. lol

 

The parent company of Chrysler is entertaining the idea of selling the
Chrysler division. This Division MAY or MAY NOT but it is ASSUMED to
include Chrysler, Jeep, Dodge, and Sprinter badged vechiles as well as the
related manufacturing facilities in Canada, USA, and Mexico, and the related
financing arm of the division. Chrysler's Parent Company is based in Berlin
Germany. The Chrysler Division of the German Company is Based in Michigan
USA.

The CEO of the Germany company publicly said that his company is exploring
the idea of selling it's Chrysler division.

Currently There are Four interested Companies. General Motors, Magna (Based
in Canada), both publicly traded companies (meaning people like you and mean
can own a portion of these companies and so we would get a say) and two
private American equity firms (meaning they answer to no-one except the
tax-man in the USA).

One of the Private companies owns a majority of General Motors Acceptance
Corp shortened to GMAC. GMAC is the leasing and Finance Didivion of General
Motors. When you lease a vechile from a GM dealer you don't pay GM, you
pay GMAC. General motors does not own a majority of it's leasing and
finance company anymore.

We won't know if Chrysler will be sold or not. However since there are only
4 companies that have expressed interest since early Feb, I doubt anymore
companies are interested except these four.

In other words WE don't know what's going on either.