Daimler Might Sell Rest of Chrysler

Automobile Staff
Share
#Chrysler
Chrysler Headquarters After Split From Daimler

Daimler sold 80.1 percent of Chrysler last year, but apparently that’s not enough separation from the struggling American automaker.

The company confirmed that it is having “discussions with Cerberus Capital Management regarding the redemption of its remaining 19.9 percent stake in Chrysler LLC,” after rumors of a sale surfaced in the German media. If the negotiations succeed, Cerberus will gain full ownership of Chrysler while Daimler will have completely extricated itself from its largely unsuccessful financial partnership.

Chrysler told dealers earlier today it has lost $400 million through August amid the market wide sales slump. It is unclear how, if at all, the possible sale will impact the two automakers’ cooperation on future products.

bonnieember
The SRT-6 Crossfire Convertible is the last of the Mercedes Chrysler's & the only Boat Tail Speedster of the New Millennium.Beautiful Car powered by the SLK supercharged engine. Only 928 Convertibles were made.I have a Black on Black that is for sale.Still under warranty until Nov. 08 w/35M. Call me if you are interested: 310 486 3447If you would like to the 2008 Pebble Beach Concours de Elegance, I got to film it in HD. Here is the link:http://bonnieember.blip.tv/#1204502Cheers, Bonnie

New Car Research

Find vehicle reviews, photos & pricing

our instagram

get Automobile Magazine

Subscribe to the magazine and save up to 84% off the newsstand price

subscribe

new cars

Read Related Articles

TO TOP