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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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.