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Daimler Reaches Agreement On Separation From Chrysler

DETROIT (Dow Jones) -- Daimler AG (DAI) said it signed a binding agreement Monday to give up its 19.9% remaining stake in Chrysler LLC and pay as much as $600 million into the auto maker's pension fund.

The deal, once completed, means the relationship between Daimler and Chrysler will be terminated excepted for supplier and customer relations - including limited support for dealer financing until the end of September. The ...

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