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. Last Updated: 07/27/2016

Silence on Fiat Tie-Up

STUTTGART, Germany -- DaimlerChrysler AG declined to comment on speculation Tuesday it was talking to Italy's Fiat about an alliance, after a Fiat board member said his company was being actively courted by rivals.

Fiat board member Franzo Grande Stevens said earlier the Turin-based group had been courted by competitors and needed to make a decision this year on whether to opt for an alliance and on potentially suitable partners.

Only last week, DaimlerChrysler described a wave of speculation about an imminent tie-up with Fiat as "pure speculation" and declined to comment further.