SOURCE: Automotive NewsReport: Daimler to go it alone after Chrysler deal
May 17, 2007 - 8:00 am
FRANKFURT (Reuters) -- The future Daimler AG will do its best to stay independent once the sale of the Chrysler group goes through, DaimlerChrysler CEO Dieter Zetsche was quoted by the Wall Street Journal.
The paper reported today that Zetsche had said in an interview that the company, to be known as Daimler AG if shareholders approve, probably will not be involved in big deals for other carmakers.
DaimlerChrysler announced on Monday it would sell an 80.1 percent stake in the Chrysler group to private equity firm Cerberus Capital Management, unwinding the 1998 merger of Daimler-Benz and Chrysler that never worked out as planned.
Zetsche said the company might seek deals to expand its truck business, especially in the United States or India, the paper reported.