Print    Archive    RSS

(UNDATED) - Daimler-Chrysler says it will sell an 80.1% percent stake in its Chrysler unit to an affiliate of private equity firm Cerberus Capital Management for $7.4-billion.

Daimler-Chrysler says it will retain the obligations for Chrysler's pensions and healthcare costs.

Once the deal is completed, Daimler-Chrysler will be known as Daimler AG. Daimler-Chrysler has major operations in Indiana.

 Print    Archive    RSS

Have a question or comment about a news story? Send it to comments@wbiw.com

1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2018 Ad-Venture Media, Inc. All Rights Reserved.   WBIW.com and Listen Live Powered by HPC

Proud affiliate of the Colts