Chrysler could be worth $6 to $9 billion-newspaper

Newswire

FRANKFURT, March 31 (Reuters) - DaimlerChrysler AG could receive up to $9 billion for the sale of its U.S.-based Chrysler division, a German newspaper reported on Saturday. The Welt am Sonntag, in an advance report, cited sources close to the negotiations as saying the sale could reap "between $6 to $9 billion". Private equity firms had put the division's value near $5 billion. The newspaper reported private equity firm Cerberus Capital Management [CBS.UL] had lodged a bid for Chrysler ...

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