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Daimler still wants to sell Chrysler share

by Bill Cawthon on

A spokesman for Daimler AG said the German automaker is still looking to unload its 19.1 percent share of Chrysler. He did not specify any company with which Daimler has been talking or would like to talk.

Daimler had been in discussions with Cerberus Capital Management, owner of the majority of Chrysler LLC but those talks have been derailed by disagreements between the two firms.

The Daimler spokesman also had no comment on the alliance between Chrysler and Fiat other than to say the company would “welcome any initiative that serves to stabilize the situation at Chrysler and preserve jobs at the company.”

Bill Cawthon grew up in the auto industry in the 1950s. His Dad worked for Chrysler and Bill spent a number of Saturdays down on the plant floor at Dodge Main in Hamtramck. Bill is also the U.S. market correspondent for, a British auto industry publication, and a member of the Texas Auto Writers Association, which has named the Jeep Grand Cherokee the “SUV of Texas” several times and named the Ram 1500 as the “Truck of Texas” two years running.

Bill has owned five Plymouths (including the only 1962 “Texan”), one Dodge and one Chrysler and is still trying to figure out how to justify a Wrangler. He also has owned at least one of every 1:87 scale model of a Chrysler product. You can reach him directly at (206) 888-7324 or by using the form.

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