Established German car firm expected to succeed with old logo

Calcutta News.Net
Monday 21st May, 2007

DaimlerChrysler stock is tipped to rise after the disposal of Chrysler to a private equity firm last week.

DaimlerChrysler sold an 80.1 percent stake in the group to Cerberus Capital Management, getting out of the 1998 merger of Daimler-Benz and Chrysler that didn't work out.

When the new company changes its name from DaimlerChrysler, shares are expected to rise to $100 or more. They are currently trading around $87.

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