DC sold their stake in Detroit Diesel 12/29/05, how does that affect anything?

[rweis]

I have a son in law that watches diesel related things in the major investment markets. We went up for New Years to visit. He said that DC sold their stake in Detroit Diesel 12/29/05.



Any idea if it has any effect on our size diesels?



Bob Weis

 

[ndurbin]

Got any more info on who they sold their stake too or what all was sold? I did hear they sold the off-highway part in another thread.



Nathan

 

[KCJackson]

DC did not sell Detroit Diesel. They sold the off-highway diesel business. Here's the opening of the DC press release:



Stuttgart, Dec 28, 2005

DaimlerChrysler AG sells its DaimlerChrysler Off-Highway business unit to financial investor EQT. The Supervisory Board has approved the sale. The transaction includes the sale of MTU Friedrichshafen GmbH and of the off-highway activities of Detroit Diesel Corporation (DDC), Detroit.



Full press release