DaimlerChrysler Splits: Cerebus Takes Away New Chrysler Holding

May 14, 2007

Stuttgart, May 14, 2007 - DCX has today decided, subject to the approval of the Supervisory Board, on the future concept for the Chrysler Group and the realignment of DaimlerChrysler AG. Completion of the transaction is subject to the satisfaction of customary closing conditions, including the receipt of regulatory approvals and Cerberus financing arrangements.

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