http://business.timesonline.co.uk/to...cle1786611.ece

From Times OnlineMay 14, 2007

Daimler sells Chrysler to private equity
Cerberus has emerged victorious in a fierce three-way battle for control of the ailing US car maker with Magna and BlackstoneJoe Bolger and Tom Bawden in New York
DaimlerChrysler, the German carmaker, has confirmed a deal to sell its ailing US unit to Cerberus, a US private equity firm.

The Mercedes-Benz group said it was selling its 80.1 per cent stake in Chrysler to Cerberus in return for a €5.5 billion (£3.8 billion) capital injection.

The sale marks the first time that one of the big-three Detroit car makers is not owned by an industrial player. It also marks the conclusion of a fierce three-way battle against Blackstone, the private equity firm, and Magna International, a Canadian car parts maker.

 

more info,

http://news.google.com/news?q=Daimle...=news&ct=title

 

i hope now, that we'll be able to get a small diesel engine in a ram 1500....

somebody mentioned crysler might put a small diesel in a dakota but that trucks too small.

 

Well I hope this works out for the best maybe some new blood will bring newer better ideas into the market.

 

Yes, hopefully this will put a positive spin on things....it would be nice if they would smarten up the dealerships.

 

anybody know if freightliner is going to be part of the chrysler group or daimler AG???

Associated Press
A Glance at Automaker DaimlerChrysler
By The Associated Press 05.14.07, 10:04 AM ET

Related Quotes
DCX 83.67 + 1.67

A look at automaker DaimlerChrysler AG, the product of a $36 billion takeover of U.S.-based Chrysler Corp. by Germany's Daimler-Benz AG of Germany in 1998, which announced Monday it is selling 80.1 percent of Chrysler to private equity firm Cerberus Capital Management LP.


HEADQUARTERS: Stuttgart, Germany, and Auburn Hills, Mich.

SALES: $200.1 billion for 2006.

EMPLOYEES: 382,000.

PRODUCTS: 4.4 million vehicles per year, including Mercedes and Maybach luxury cars, SUVs and commercial vehicles; Chrysler, Dodge and Jeep brands in United States; Smart compact cars; and Freightliner heavy trucks.

OTHER BUSINESSES: Owns 15 percent stake in European Aeronautic Defence & Space Co. NV, the parent company of planemaker Airbus. Affiliate Detroit Diesel makes medium and heavy-duty diesel engines.


Copyright 2007 Associated Press. All rights reserved. This material

 

As long as they keep the CTD's coming, but I guess we have to wait and see what happens

 

from http://www.greencarcongress.com/

 

You can get a Cummins in a Ford but you have to get a F650 or better