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Empresas y finanzas

Daimler to sell remaining stake in Chrysler


    DETROIT (Reuters) - Daimler AG said on Wednesday that it was in talks with private equity group Cerberus Capital Management to sell its remaining 19.9 percent stake in struggling U.S. automaker Chrysler LLC.

    Cerberus bought 80.1 percent of Chrysler in May 2007 in a $7.4 billion deal just before a sharp slowdown in overall U.S. auto sales.

    The move comes as Chrysler is facing scrutiny over whether it has the cash to ride out a downturn in U.S. auto sales that many analysts expect to stretch through 2009.

    Chrysler's U.S. sales have declined nearly 25 percent through the first eight months of the year, the largest decline of any major U.S. automaker.

    (Reporting by Poornima Gupta, editing by Leslie Gevirtz)