--
 
Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

Daimler confirms Chrysler talks

2008-09-26 07:50
Daimler has said it is in discussions with Cerberus Capital Management concerning the sale of its remaining stake in Chrysler LLC.

Daimler still owns 19.9% of the manufacturer following the dissolution of DaimlerChrysler in May 2007.

In a short statement, the German manufacturer said "the business outlook of Chrysler, in which we hold an equity interest, including its ability to successfully implement its restructuring plans" could influence its views on "future events."

When it was formed in 1998, DaimlerChrysler was the biggest industrial merger yet.

It is expected that the manufacturers' existing technology ties will remain unaffected by the latest developments.

NEXT ON WHEELS24X

Inside Wheels24

There are new stories on the homepage. Click here to see them.