mb240
Active Member
From The Wall Street Journal:
Link: http://online.wsj.com/article/SB117913164108101758.html?mod=googlenews_wsj
Reuters is reporting that DC shares rose 5.4% based on this news this morning.
Reuters: http://today.reuters.com/news/artic..._RTRIDST_0_MARKETS-EUROPE-SHARES-UPDATE-1.XML
Detroit Free Press: http://www.freep.com/apps/pbcs.dll/article?AID=/20070514/BUSINESS01/70514006/1002/BUSINESS.
DaimlerChrysler AG Official Statement: http://www.daimlerchrysler.com/dccom/0-5-7145-1-858191-1-0-0-0-0-0-11979-0-0-0-0-0-0-0-0.html
I think this is relatively good news. Daimler have made a massive loss on this one, but it is for the better. The new company will be named Daimler AG.
DaimlerChrysler AG announced Monday a deal to sell a controlling stake in Chrysler Group, Detroit's No. 3 auto maker, to private-equity firm Cerberus Capital Management LP.
The German-American auto maker said in a statement that an affiliate of Cerberus will acquire 80.1% in the new Chrysler Holding LLC, while DaimlerChrysler will keep a 19.9% stake. It said that obligations for pensions and health-care costs would be retained by the Chrysler companies.
Link: http://online.wsj.com/article/SB117913164108101758.html?mod=googlenews_wsj
Reuters is reporting that DC shares rose 5.4% based on this news this morning.
Reuters: http://today.reuters.com/news/artic..._RTRIDST_0_MARKETS-EUROPE-SHARES-UPDATE-1.XML
Detroit Free Press: http://www.freep.com/apps/pbcs.dll/article?AID=/20070514/BUSINESS01/70514006/1002/BUSINESS.
DaimlerChrysler AG Official Statement: http://www.daimlerchrysler.com/dccom/0-5-7145-1-858191-1-0-0-0-0-0-11979-0-0-0-0-0-0-0-0.html
I think this is relatively good news. Daimler have made a massive loss on this one, but it is for the better. The new company will be named Daimler AG.
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