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DaimlerChrysler says it has completed the sale of the Chrysler division

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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.

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DaimlerChrysler says it has completed the sale of the Chrysler division
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