DAIMLERCHRYSLER TO SELL CHRYSLER TO CERBERUS FOR 7.4 BILLION

The Germany-based DaimlerChrysler auto giant said it has agreed to sell almost all of its Chrysler brand to Cerberus, a private equity firm, for $7.4 billion. A Chrysler logo is seen on a 300 sedan in Washington on May 14, 2007. (UPI Photo/Kevin Dietsch)