Brought to you by WBIW News and Network Indiana
Last updated on Monday, May 14, 2007
(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.
1340 AM WBIW welcomes comments and suggestions by calling 812.277.1340 during normal business hours or by email at email@example.com
© Ad-Venture Media, Inc. All Rights Reserved.
Click here to go back to previous page