Daimler has said its former US unit Chrysler has drawn down a US$2bn credit line.
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.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
