DaimlerChrysler has completed the sale Chrysler
Daimler Chrysler announced at the end of last week selling 80.1% of U.S. Division Chrysler the investment fund Cerberus Capital Management. The German group will retain the remaining 19.9%. Therefore, Daimler Chrysler and Cerberus have agreed to participate in a financing, subscribing to a loan of $ 2 billion in 12 months, of which 1.5 meliorate supported by Daimler Chrysler, Which incorporates the company's debt as Chrysler. "Daimler's financial support Chrysler is a sign of the decision to ensure that under the majority control of Cerberus, Chrysler will be able to begin as an independent car manufacturer, "it said in a statement delivered to the press by the German manufacturer. With this transaction, for the first time one of the largest U.S. automakers is acquired by an investment fund. At the same time, to end a partnership of nine, Chrysler regained independent manufacturer. Daimler Chrysler will change its name to Daimler, the decision to be taken following a meeting of the Board, scheduled in early October.
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