The Scotsman - Business - Chrysler and Daimler part in £3.7bn deal

re: Nick Bevens reports, "DAIMLERCHRYSLER has announced the knock-down 5.5 billion (£3.7bn) sale of its loss-making Chrysler operation to a US private equity group. /The deal with Cerberus Capital Management reverses the merger of ten years ago that saw the US and German car giants join forces. Daimler originally paid £18bn for Chrysler. / Daimler is now set to drop the Chrysler name. However, Daimler will retain a 19.9 per cent stake in Chrysler under the deal, which is due to be completed by the third quarter. Cerberus, meanwhile..."...