Both Volkswagen AG and Renault-Nissan have come out with announcements citing their lack of interest over the potential sale of the struggling Chrysler. A spokesman for VW said that there “are no such considerations at the moment” regarding the sale of Chrysler and a similar statement came from the French-Japanese duo.

Late last year, Renault-Nissan chief Carlos Ghosn was keen to build an alliance with a US partner, which added to the speculation that Chrysler could be under his radar. However, poor financial results that came out this year, especially from Nissan, have made Ghosn focus more on improving his own company’s profitability rather than having to worry about Chrysler. VW was also linked with Chrysler because of plans between the two companies to build a new minivan at a Chrysler production facility to be sold wearing VW badges.