The sale of DaimlerChrysler AG's off-highway business will be complete by the first quarter of 2006, the auto maker says. The €1.6 billion ($1.9 billion) deal gives MTU Friedrichshafen and the off-highway business of Detroit Diesel Corp. to financial investor EQT. The transaction occurs as DaimlerChrysler seeks to streamline its operations, focusing on its core automotive business. The auto maker is expected to realize a €300 million ($355 million) hike in net income. With offices in ...
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