DETROIT — DaimlerChrysler AG is lining up the pieces to complete its offer to purchase Detroit Diesel Corp. (DDC) from Penske Corp. DaimlerChrysler already held a portion of DDC but plans to purchase the remaining shares — approximately 18.1 million — from Penske Corp. for approximately $423 million. DC also will assume about $160 million in DDC debt. DaimlerChrysler, currently the world's largest maker of heavy duty commercial trucks, hopes the DDC purchase will enable it to develop ...
Premium Content (PAID Subscription Required)
"DaimlerChrysler readies purchase of Detroit Diesel" 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!
Current subscribers, please login or CLICK for support information.