Daimler Chrysler has reportedly received a $9 billion dollar bid for the Chrysler division. The bid has come in from a a private equity group.
Private equity firm Cerberus Capital Management is believed to have made an offer Friday. The private equity firm is known to have visited the Auburn Hills-based unit of DaimlerChrysler to review the struggling U.S. unitÃ¢â‚¬â„¢s finances and plans in preparation of a possible bid.
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