Washington -- Before filing for bankruptcy protection Thursday, Chrysler LLC in recent weeks sought to sell parts of the company to Chinese companies and explored partnerships with nearly every major automaker over the past two years -- including Toyota Motor Corp.
"Chrysler has attempted in recent weeks to sell product lines and other units to a number of Chinese companies, but these efforts too have been unsuccessful," Chrysler Co-president and Vice Chairman Tom LaSorda said in a affidavit filed in U.S. Bankruptcy Court in New York.
Chrysler hosted potential Chinese buyers at its Auburn Hills headquarters in February for five days, offering to sell engines, transmissions, vehicle lines and Chrysler's Newark paint shop.
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