Daimler has said its former US unit Chrysler has drawn down a US$2bn credit line.

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A Daimler spokesman told Dow Jones Daimler’s share was $1.5bn, with new Chrysler owner Cerberus Capital Management accounting for $500m.


The credit line was agreed as part of Daimler’s sale of a 80.1% stake in Chrysler to Cerberus last year, the report noted.