daimler chrysler fund
Chrysler Group, which has been acquired by Cerberus Capital Management, is trying to tap debt markets for $20 billion to fund the new company's automotive operations and its finance unit after the transaction between Cerberus and DaimlerChrysler closes on August 3.
Magna International Inc. said Wednesday it had secured a $1.54 billion investment from a firm controlled by Russian billionaire Oleg Deripaska in a move aimed first at expansion in the fast-growing Russian auto market.The cash infusion also could help Magna fund a bid to buy the Auburn Hills-based Chrysler Group from DaimlerChrysler AG.
GM, Ford, and DaimlerChrysler have submitted a white paper requesting $500 million in federal subsidies to fund high-powered battery development for hybrid and pure electric vehicles. U.S. automakers are currently behind their Japanese counterparts in this area.
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daimler chrysler fund
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daimler chrysler fund
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