Daimler: Chrysler stake now valued at zero
Thursday, October 23, 2008
Daimler: Chrysler stake now valued at zero
Christine Tierney / The Detroit News
Daimler AG has marked down the value of its 19.9 percent holding in Chrysler Holding LLC to zero, a confirmation of the U.S. automaker’s deteriorating fortunes.
Daimler had previously written down the value of its Chrysler stake to 171 million euros, or [...]