Sale of Chrysler Leaves Fate of Current Capital Plans Uncertain

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From the Wires

Sale of Chrysler Leaves Fate of Current Capital Plans Uncertain

By: Marketwire .

May. 22, 2007 10:05 AM

SUGAR LAND, TX -- (MARKET WIRE) -- 05/22/07 -- Researched by Industrial Info Resources (Sugar Land, Texas). Earlier this week, DaimlerChrysler AG (NYSE:DCX) sold an 80.1% stake in its money losing Chrysler unit to Cerberus Capital Management LP, a private equity firm. The future Daimler AG will retain 19.1% of its Chrysler shares.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=113544, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) provides marketing communication services ranging from industrial database solutions to market forecasting, custom analytics, and specialty promotions that support high-level image campaigns. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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Published May. 22, 2007
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