Supervisory Board Approves Concept for Chrysler Group and Realignment of DaimlerChrysler AG
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[05/16/2007] STUTTGART, Germany, May 16, 2007 -- The Supervisory Board of DaimlerChrysler AG today approved the concept for the Chrysler Group and the realignment of DaimlerChrysler AG in the form submitted by the Board of Management.
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STUTTGART, Germany, May 16, 2007 -- The Supervisory Board of DaimlerChrysler AG today approved the concept for the Chrysler Group and the realignment of DaimlerChrysler AG in the form submitted by the Board of Management.
As was reported in detail on May 14, according to the plan, Cerberus Capital Management will take over from DaimlerChrysler AG a majority interest in the Chrysler Group and the related financial services business.
The closing of the transaction is expected to take place in the third quarter of 2007.
As was reported in detail on May 14, according to the plan, Cerberus Capital Management will take over from DaimlerChrysler AG a majority interest in the Chrysler Group and the related financial services business.
The closing of the transaction is expected to take place in the third quarter of 2007.
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