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IPFS News Link • Economy - Economics USA

Cerberus to buy 80 percent of Chrysler

• AP
DaimlerChrysler AG said it will sell 80.1 percent of its money-losing Chrysler Group to private equity firm Cerberus Capital Management LP for $7.4 billion, unwinding a troubled 1998 combination aimed at creating a global leader. The deal is a stu

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