Chrysler goes for US$7.45 billion
DaimlerChrysler has finally dumped Chrysler to private equity group Cerberus Capital Management for US$7.45 billion, or 5.5 billion euros. DaimlerChrysler will still retain 19.9 pecent of Chrysler, which means perhaps a name change will not happen anytime soon. The Cerberus stake is the entire 80.1 percent that’s being dumped off.
DaimlerChrysler CEO Dieter Zetsche said DCX has no plans to sell it’s remaining 19.9 percent of Chrysler, adding that it wanted to maintain close ties with Chrysler.
May 14, 2007 @ 10:07 pm
who is going to buy this car maker? Imagine sales of Merc paying for chrysler’s lost. What happens to cars from chrysler now?
May 14, 2007 @ 11:21 pm
After this DaimlerBenz can concentrate on weight reduction for all merc model…..better wait for all new series of light weight merc
May 15, 2007 @ 12:04 pm
Weight reduction on Merc……..??? Whats the relation with the disposal of Chrysler…….???
May 15, 2007 @ 4:37 pm
Maybe it’s for the best. Chrysler never contributed to Mercedes very much.
May 22, 2007 @ 6:54 pm
[...] now belonging to private equity firm Cerberus Capital Management LP thanks to last week’s US$7.45 billion deal. Chrysler spokesperson Mary Gauthier said Chrysler’s global growth plans remains the same, [...]
October 8, 2007 @ 1:02 am
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