In the end, it came down to the tough admission that Daimler and Chrysler were not so compatible after all. DaimlerChrysler AG announced today it would sell a majority interest in Chrysler Group and Chrysler Financial Services to private-equity firm Cerberus Capital Management L.P. for €5.5 billion ($7.4 billion). Cerberus beat out several other bidders for the auto maker, including Blackstone Group, another private equity investor, and supplier Magna International Inc. Kirk Kerkorian’s ...
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