Chrysler LLC denied on Wednesday it is selling plants or any of its three brands --which include Jeep and Dodge -- to the joint Renault SA-Nissan.But, LaSorda said Chrysler might sell tooling for car models it no longer produces.

We will not separate the brands from the company, Tom LaSorda, Chrysler's vice chairman said. Renault also denied such talks, Reuters reported.

LaSorda said any sale of the entire company would be handled by Cerberus Capital Management LP, the private equity firm that owns the majority of Chrysler, but he couldn't confirm or deny if the firm had intention to sell.