Chrysler could be swapped for a GM stake

DaimlerChrysler shares edged higher Monday on a news report that the automaker was considering taking a stake in General Motors Corp. in exchange for its struggling Chrysler unit. Meanwhile, Russia's second-biggest automotive company denied that it was interested in the Chrysler business.

Earlier this month, DaimlerChrysler Chairman Dieter Zetsche said all options are on the table for the money-losing Chrysler business and he would not rule out a possible sale.

The Financial Times reported Monday that DaimlerChrysler was considering a move that would see it take a stake in GM in the form of a payment were a deal to sell it Chrysler were to go forward.

GM is the world's biggest automaker, but has been losing market share at home and is undergoing a massive restructuring that includes closing plants and shedding jobs. More at Detroit News