DaimlerChrysler sells Hyundai stake

As Autoblog predicted last week: even though DC claimed to be in no particular rush to offload their 10.5 percent stake in the Korean automaker Hyundai, they apparently were, because they sold their entire share yesterday to an undisclosed party. The companies were moving in different directions ever since South Korea's economy started to improve and people actually started buying Hyundais in the United States. There is speculation that DaimlerChrysler could have picked up 912 million clams through the deal, not a bad bivalve profit margin considering they bought the shares for 484 million clams only three years ago.