Daimler sells MTU diesel motor unit to EQT

Newswire

FRANKFURT, Dec 28 (Reuters) - Car maker DaimlerChrysler is selling its heavy motor unit MTU Friedrichshafen to Swedish buyout firm EQT, the world's fifth-biggest carmaker said in a statement on Wednesday. DaimlerChrysler said it expected the sale to boost operating profit by 0.4 billion euros and net profit by 0.3 billion euros. The deal would close in the first quarter of 2006, it said. MTU makes engines for ships, locomotives, power plants, heavy vehicles and tanks. It had sales of ...

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