NEW YORK (AP) -- Chrysler says it remains focused on returning to profitability and won't comment on statements made by General Motors that the automakers' takeover talks have been suspended.
In an emailed statement, Chrysler LLC Chairman and Chief Executive Bob Nardelli says the company doesn't comment on its private business meetings, but will continue to explore potential strategic alliances and partnerships.
Detroit-based GM has reported a $2.5 billion third-quarter loss and warns it may run out of cash next year if the U.S. economic slump continues and it doesn't get government aid. While a potential tie-up would have given the automaker access to much-needed capital, it wouldn't solve near-term problems.