F&I Management & Training

It was agreed at an Extraordinary Shareholders' Meeting in Germany recently that DaimlerChrysler AG, parent company of the Milton Keynes-based DaimlerChrysler companies in the UK, should be renamed Daimler AG. This reflects the sale of the company's Chrysler Group business interests to Cerberus Capital Management in the US, establishing the new company, Chrysler LLC. There will, as a consequence, be changes to the Group's companies in the UK. With effect from 1 November 2007, the company's Mercedes-Benz Cars (Mercedes-Benz passenger cars, smart, Maybach) and Commercial Vehicle (Mercedes-Benz, Mitsubishi Fuso) business will be operated by a renamed Mercedes-Benz UK Limited. The company's retail subsidiary will become Mercedes-Benz Retail Group UK Limited. A new company, Chrysler UK Limited, will take over head office operations for the Chrysler, Jeep and Dodge business in this country.

DATED: 01.11.07

FEED: AW