Paul Tan on the Automotive Industry
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.
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About the Author
After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history. An avid electronic gadget aficionado as well as big-time coffee lover, he's also the executive producer of the Driven motoring TV programme.
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who is going to buy this car maker? Imagine sales of Merc paying for chrysler's lost. What happens to cars from chrysler now?
After this DaimlerBenz can concentrate on weight reduction for all merc model…..better wait for all new series of light weight merc
Weight reduction on Merc……..??? Whats the relation with the disposal of Chrysler…….???
Maybe it's for the best. Chrysler never contributed to Mercedes very much.