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ILMOR ARM SOLD

2005-06-03 14:49

The carmaker announced on Thursday that it will sell Ilmor's 'Special Project Group' - mainly concerned with IRL and NASCAR - to Penske, Mario Illien and late Ilmor co-founder Paul Morgan's wife Elizabeth this month.

"This sale is the final logical step," read a DaimlerChrysler statement, "in the acquisition process."

Mercedes-Ilmor will also change its name to 'Mercedes-Benz High Performance Engines.'

- GMM

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