UPDATE 1-DaimlerChrysler settles merger suit for $300 mln

Newswire

(Adds quotes from statement, background on case, share price) By Mark Thompson FRANKFURT, Aug 22 (Reuters) - German automaker DaimlerChrysler AG said on Friday it had agreed a $300 million settlement of a U.S. class action lawsuit relating to Daimler-Benz's 1998 takeover of Chrysler. "Although DaimlerChrysler believes that the class action is completely without merit, the company has agreed to a settlement, since a local jury could have reached a different conclusion," the company said ...

Premium Content (PAID Subscription Required)

"UPDATE 1-DaimlerChrysler settles merger suit for $300 mln" 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
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×