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Struggling U.S. automaker Chrysler is in talks to sell assets to Renault-Nissan and parts supplier Magna, sources with knowledge of the discussions have told Reuters, though the French automaker Wednesday denied such talks were under way.

The third-largest U.S. automaker is under pressure to restructure after accepting $4 billion in U.S. government loans as slowing economies and tight financing shrink global demand for vehicles.

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Chrysler Goes Into Garage Sale Mode Selling Off Assetts

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