GERMANY: DaimlerChrysler in talks to sell steering unit to ThyssenKrupp - report
Handelsblatt reports that DaimlerChrysler is in negotiations with ThyssenKrupp over the sale of a majority stake in its steering gear operation MB Lenkungen. The report says that the DC unit's only customer is its parent and that it has been unable to cover high development costs. Dow Jones reports that DC is refusing to confirm or deny that talks are taking place, dismissing the Handelsblatt article as 'speculative'.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable