DaimlerChrysler AG sold some of its capital services portfolio to GE Capital on Jan. 24 for E1.3 billion ($1.1 billion). The move is part of a continuing effort by DaimlerChrysler to rid itself of non-automotive business. As part of the sale, GE Capital will receive commercial real estate loans, asset-based manufacturing loans and service, and distribution companies. DaimlerChrysler Capital Services total loan portfolio is worth about E130 billion ($113 billion).
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