SOURCE: Industrial Info Resources

May 22, 2007 06:05 ET

Sale of Chrysler Leaves Fate of Current Capital Plans Uncertain

SUGAR LAND, TX -- (MARKET WIRE) -- May 22, 2007 -- 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.

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