facebook
twitter
rss
account
search
search
 

Report: Chrysler sale set for next week

July 24, 2007 at 6:44 PM   |   Comments

AUBURN HILLS, Mich., July 24 (UPI) -- DaimlerChrysler AG's sale of Chrysler Group to Cerberus Capital Management LP likely will take place in a week, a U.S. published report said Tuesday.

The exact date remains uncertain because lawyers on both sides are "crossing all of the T's and dotting all of the I's," which could take a little longer than expected, The Detroit Free Press reported.

A celebration is tentatively planned for Aug. 1, it said.

DaimlerChrysler and Cerberus representatives declined to comment.

Meanwhile, signs at Chrysler's Auburn Hills, Mich., headquarters are already being changed, the newspaper said. "Daimler" was recently removed from an external granite sign at Chrysler's Technical Center building, for example.

The new owners plan to change the signs at Chrysler's 30 North American production facilities over time, rather than right away, to save money, manufacturing Executive Vice President Frank Ewasyshyn said.

"There is a lot of signage. They're not cheap," he said.

© 2007 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback