DaimlerChrysler sells, leases back Stuttgart HQ


FRANKFURT, Oct 27 (Reuters) - DaimlerChrysler will sell and lease back its former Stuttgart headquarters in a deal that will generate 240 million euros ($303.8 million) in cash and boost operating profit by around 18 million euros this year. The world's fifth-biggest carmaker said in a statement on Friday it had sold the property to IXIS Capital Paertners Ltd and would lease it back for 15 years.

Premium Content (PAID Subscription Required)

"DaimlerChrysler sells, leases back Stuttgart HQ" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×