It's Official: Chrysler being sold

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Not sure what impact it may have on future production cars.

http://www.detnews.com/apps/pbcs.dll...434/1148/rss25

Cerberus gets green light to buy Chrysler for $7 billion
Christopher S. Rugaber / Associated Press


WASHINGTON -- Federal antitrust regulators have cleared Cerberus Capital Management's $7 billion purchase of Chrysler, people close to the deal said Tuesday.
The Federal Trade Commission made its decision before the end of a standard 30-day review, according to two people, who spoke on condition of anonymity because they were not authorized to speak publicly on the matter. Early termination of an FTC review typically signifies there will be no conditions placed on the deal.
The FTC refused to comment.
Private-equity firm Cerberus agreed last month to pay DaimlerChrysler AG $7.4 billion for 80.1 percent of its U.S. automotive operations, which were bought by Daimler for $36 billion in 1998. The deal is expected to close in the third quarter.
Shares of DaimlerChrysler rose 2 cents to $92.17 in late morning trading Tuesday.