DaimlerChrysler says it has completed the sale of the Chrysler division News AutoNews24h.com

DaimlerChrysler says it has completed the sale of the Chrysler division

Auto News : Auto Industry : DaimlerChrysler : DaimlerChrysler says it has completed the sale of the Chrysler division

BERLIN (AP) _ Automaker DaimlerChrysler AG said Friday it has completed the transaction to sell a majority stake in its U.S. Chrysler arm to private equity firm Cerberus.

Shareholders will be asked to approve the new name Daimler AG.

``Today a new chapter in our company's history begins,'' stated DaimlerChrysler CEO Dieter Zetsche..

The statement said the closing was held Friday on the deal, which transfers an 80.1 per cent stake in Chrysler to a subsidiary of Cerberus.

Find the new car you want on cars.com

Related news

EU approves Cerberus purchase of Chrysler from German parent DaimlerChrysler

BRUSSELS, Belgium (AP) _ EU regulators have given Cerberus Capital Management the go-ahead for its purchase of the money-losing Chrysler car division from DaimlerChrysler AG. The European Commission approved the US$7.4-billion deal automatically because ...

DaimlerChrysler reverting to Daimler name after shedding control of U.S. firm

From Daimler-Benz to DaimlerChrysler and now ... just plain old Daimler. Many shareholders are sighing in relief as DaimlerChrysler goes through the formality of shedding ``Chrysler'' from its letterhead _ a final farewell to ...

DaimlerChrysler CEO defends company name change to shareholders

DaimlerChrysler AG chief executive Dieter Zetsche reassured shareholders Thursday that the automaker was not forgetting its history with a proposed name change to Daimler AG _ instead of Daimler-Benz, the company's name for ...

Chrysler sales outside N.A. rose 24 per cent in May

FRANKFURT, Germany (AP) _ DaimlerChrysler AG said Wednesday that Chrysler Group sales outside North America rose 24 per cent in May to 20,553 vehicles. Year-to-date sales were 91,412 vehicles, up 16 per cent ...

Ford, DCX reach deal to let German automaker use Daimler name

FRANKFURT, Germany (AP) _ What's in a name? For German automaker DaimlerChrysler AG, it's a lot of history and a brand identity nurtured carefully for the greater part of a century. When it ...

Sale Completed for Automotive Components Holding' Glass Operations

Ford Motor Company, Automotive Components Holdings and Zeledyne have completed the sale of the ACH Glass business and its three plants. This sale is ...

Chrysler signs deal for Nissan to supply `Chrysler' car for South American sale

Nissan and Chrysler have reached a deal to have Nissan supply cars to Chrysler for sale in South America starting next year, the automakers said Friday. The model, based on the Nissan Versa ...

DaimlerChrysler 2Q profit falls, Chrysler Group results rise

FRANKFURT, Germany (AP) _ DaimlerChrysler AG said Wednesday its overall profit fell 14 per cent in the second quarter, but that profits rose from its Chrysler Group and the related financial services business ...

Rupert Stadler named full time CEO for VW's Audi division

Rupert Stadler, who last month was named acting chief executive of Audi AG, was given the job full-time, the company's parent Volkswagen AG said Friday. Stadler was named acting chairman ...

Run A Car On Water
Convert your car to run on water and gas to save over 40% on fuel costs!

Government & Police Auto Auctions
Find new and used cars up to 90% off retail value!

Get Paid To Drive
Drive a free new car or get paid up to 00 every month to drive your own car like you normally do.

Auto Price Quote
Get a free auto price
quote from Edmunds!