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  • By Andrew Stoy

    Send a link to this post 'Daimler Wants To Wash Hands Of Chrysler, Sell Remaining 19.9% To Cerberus' via email:


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    Sep 24, 2008 2:20 PM 588
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    #cerberus

    Chrysler Deletes Blog Post With Anti-Chrysler Comments After Digg, Jalopnik Links

    Chrysler, Fiat To Create "Global Strategic Alliance"

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    read more: #chrysler, #cerberus, #chryslerberus, #thenewchrysler, #daimlerchrysler, #daimlerchrysler, #industrynews

    Daimler Wants To Wash Hands Of Chrysler, Sell Remaining 19.9% To Cerberus

    Daimler was obviously unimpressed by Chrysler's electrically motivated press reveal yesterday, as word comes today the German automaker is in talks to sell Cerberus its remaining 19.9% stake in Chrysler. If terms are agreed upon, the sale would mark the end of Daimler's involvement in the Auburn Hills automaker a mere ten years after embarking upon its much ballyhooed "merger of equals." The two companies are mum on the price Daimler hopes to get for its stake in Chrysler, but we'll bet it's worth at least $105 million less than it used to be. [Automotive News, (Sub. Req.)]


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