Wolfgang Bernhard, former head of the Volkswagen brand and previously a senior manager at Chrysler, is likely to act as an advisor to investors on the Chrysler sale.

The Financial Times reported that Bernhard is likely to secure a major role in any takeover of Chrysler and that a large number of investor groups have met with Bernhard to discuss the situation.

Bernhard has maintained good relations with DaimlerChrysler chief Dieter Zetsche and Chrysler head, Tom LaSorda.

Several companies have expressed an interest in acquiring Chrysler or have been rumoured to be interested. One of the most interesting potential owners is Tier 0.5 supplier Magna International, of Canada, while GM has formed a working group to study a possible purchase or alliance with Chrysler.

Others rumoured to be interested include China’s FAW and Russia’s GAZ. Renault-Nissan, Volkswagen, Hyundai, Fiat and China’s SAIC have all denied any interest in acquiring the US manufacturer.