DETROIT, Oct. 22 (UPI) -- The French and Japanese Renault-Nissan alliance has proposed purchasing around 20 percent of Chrysler LLC, sources said.
Cerberus Capital Management, which owns Chrysler, is currently discussing a merger deal with General Motors Corp. But, Carlos Ghosn, chief executive officer of Renault SA and Nissan Motors Co., has revised a Cerberus proposal and sent it back to the firm for review, The Detroit News reported Wednesday.