Ashwin Patil, an analyst with Independent International Investment Research PLC in London, UK (oh right, them — who?) is quoted as telling Bloomberg News:
"Achieving an appropriate buyer and right price will not be an easy task...We believe the possibility of Chrysler being sold is very low and the current valuation level of the common stock is not sustainable."Well sure, it's a slow news day, so whatever Ashwin says, right? All we have to give as a retort to Ashwin is — never underestimate the power of DaimlerDouche .
Report: Analyst rates chances of Chrysler sale "very low" [Detroit News]