DaimlerChrysler on Wednesday completed the sale of its heavy diesel unit MTU Friedrichshafen and part of its Detroit Diesel subsidiary for $1.9 billion, to Swedish buyout specialists EQT.
DaimlerChrysler has been selling off non-core operations, including its holdings in Mitsubishi Motors and aerospace group EADS, partly to focus future efforts on improving the performance of its automotive business, and partly to finance planned job cuts as part of its ongoing restructuring.
DaimlerChrysler has been selling off non-core operations, including its holdings in Mitsubishi Motors and aerospace group EADS, partly to focus future efforts on improving the performance of its automotive business, and partly to finance planned job cuts as part of its ongoing restructuring.
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