Daimler AG issues a frosty admonition today alleging “exaggerated demands” by Cerberus Capital Management LP, as the German auto maker negotiates the sale of its remaining 19.9% share of Chrysler LLC to the U.S. private-equity firm. “These demands by Cerberus exceed the value of Cerberus’ investment in Chrysler,” Daimler says in a statement. Cerberus closed on a deal for 80.1% of Chrysler from Daimler in August for €5.5 billion ($7.4 billion at the time of the transaction). Cerberus ...
Premium Content (PAID Subscription Required)
"Daimler, Cerberus Clash Over Demands for Remaining Chrysler Stake" 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: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.