Chrysler Corp said it and Regie Nationale des Usines Renault &lt;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.
CHRYSLER <C> SETS NEW AMC <AMO> TARGET DATE