Dealership stake

17 January 2007 - 02:00
By unknown

DaimlerChrysler, the world's fifth biggest car maker, plans to sell a stake in its South African dealerships to black investors for about R500million to meet affirmative action quotas. DaimlerChrysler South Africa spokesman Annelise van der Laan said the company was selling the stake to a broad consortium of black investors. More details would be available at a news conference on January 25. - Reuters

DaimlerChrysler, the world's fifth biggest car maker, plans to sell a stake in its South African dealerships to black investors for about R500million to meet affirmative action quotas. DaimlerChrysler South Africa spokesman Annelise van der Laan said the company was selling the stake to a broad consortium of black investors. More details would be available at a news conference on January 25. - Reuters