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chrysler [9] |||T, Germany (AP) - German-based DaimlerChrysler said Monday it will sell almost

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DaimlerChrysler sells 80.1 percent of Chrysler to private equity firm

| Findory News

Mercury News: FRANKFURT, Germany - DaimlerChrysler AG said today it will sell 80.1 percent of its money-losing Chrysler Group to private equity firm Cerberus Capital Management LP for $7.4 billion, unwinding a troubled 1998 combination aimed at creating a global leader.


Cerberus to buy 80 per cent of Chrysler

Mon, 14 May 2007 04:05 GMT | CayCompass.com

FRANKFURT, Germany (AP) - German-based DaimlerChrysler said Monday it will sell almost all of money-losing Chrysler to a private equity firm for $7.4 billion backing out of a troubled 1998 takeover


Auto Workers Union Adjusts to Going Private

Mon, 14 May 2007 17:49:00 EDT | NPR News Headlines

The president of the United Auto Workers is hailing the sale of Chrysler to the private equity firm Cereberus. Ron Gettelfinger had originally opposed any acquisition of Chrysler by a private group. Now, he may be making the best of a bad situation.


Private Equity Group in $7.4 Billion Deal for Chrysler

Mon, 14 May 2007 17:36:00 EDT | NPR News Headlines

German automaker DaimlerChrysler has announced that it is selling 80 percent of its struggling Chrysler division to Cerberus Capital, a private equity firm. Cerberus will pay $7.4 billion for the U.S.-based entity, but little of that money will go to Daimler. In the transaction announced this morning, Daimler will actually end up paying to get out from under Chrysler's crushing liabilities.


Q&A: Under the Hood of the Chrysler Deal

Mon, 14 May 2007 16:12:00 EDT | NPR News Headlines

Germany-based DaimlerChrysler announced Monday that it is selling 80 percent of the Chrysler Group to a private equity fund for $7.4 billion. The new owner, Cerberus Capital Management, inherits an automobile company that is losing money and laying off workers. Here, a look under the hood at the sale.


Daimler sheds Chrysler to private equity firm

| Findory News

Yahoo News: Reuters - DaimlerChrysler AG shed most of its stake in the money-losing Chrysler Group by agreeing to pay a $1.55 billion sweetener to clinch a deal for a private equity firm to take over the U.S. automaker.


Chrysler sold in unprecedented auto deal

| Findory News

USA Today: DaimlerChrysler said Monday it will sell more than 80% of its money-losing Chrysler Group to private equity firm Cerberus Capital ...


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