F&I Management & Training

Daimler AG is holding talks with Cerberus Capital Management LP about selling the German automaker's remaining 19.9 percent of Chrysler LLC, Daimler spokesman Han Tjan confirmed today.\Daimler confirms that the company is in discussions with Cerberus Capital Management regarding the redemption of its remaining 19.9, according to a statement released by the German automaker.The private equity firm Cerberus bought 80.1 percent of Chrysler from Daimler in August 2007 for $7.4 billion. Daimler retained 19.9 percent. It remains unclear how much the remaining Chrysler stake could be worth. Tjan declined to provide more details about the talks.

DATED: 25.09.08

FEED: ANE