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AirTalk

Global Automotive Industry Update

By AirTalk Staff
Published May 15, 2007

Daimler-Chrysler announced yesterday that it is selling 80 percent of its Chrysler unit to Cerberus Capital Management for nearly 7.5 billion dollars. Daimler bought Chrysler for 36 billion dollars in 1998. Larry gets an update from David Welch, Detroit Bureau Chief for Business Week magazine and James Bell, Publisher of IntelliChoice.com on this plus other recent activities in the global automotive industry.