CHRYSLER <C> SETS NEW AMC <AMO> TARGET DATE
Chrysler Corp said it and Regie
Nationale des Usines Renault <RENA.PA> agreed to set May 5 as
the new target date when Chrysler aimed at reaching a
definitive agreement for Chrysler for acquire American Motors
Corp.
    AMC is 46.1 pct owned by Renault.
    The two companies originally had targeted April 23 as
completion date for reaching a definitive agreement.
    Chrysler, which signed a letter of intent on March 9 to
acquire AMC, said "considerable progress has been made, but a
number of issues remain to be resolved."
 Reuter
