Renault-Nissan had been in talks with Chrysler relating to a potential merger, but those talks had failed. Similar discussions with General Motors had also failed to produce a feasible solution to their financial woes. The current discussions between Chrysler and Nissan-Renault have reportedly gained ample momentum, with a possible sale of the iconic Jeep brand in the works. Sources have indicated that Renault-Nissan is looking into whether such a sale would jeopardize the company’s access to federal funding.

Although no official comments to any sale of Chrysler assets have been made, Chrysler Chief Executive Bob Nardelli has repeatedly said that a sale of the automaker is not currently in the works, which Used Cars Hays and politicians alike have questioned. Meanwhile Nissan-Renault executives have implied that spending considerable cash in the current unstable market is simply unlikely. In addition to selling off entire brands, one of Chrysler’s goals may be to sell off parts and tooling assets relating to specific Chrysler models.