Zetsche confirms Chrysler sell-off talks

Shareholders urged DaimlerChrysler on Wednesday to dump its Chrysler unit as the German-US carmaker for the first time officially confirmed it was in talks over a sale.

Discussion over a possible sale of US carmaker Chrysler dominated a relatively low-key annual meeting for Daimler as most large investors stayed away.

Henning Gebhardt, head of German equities at DWS, the country's largest fund manager, and the only big investor present, said: "If Chrysler is finally led before the divorce judge, then we would be very happy. But what happens if you don't find a new bridegroom or if he demands an inappropriately high dowry?"

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- Posted: 2007-04-04 10:39:05

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