DaimlerChrysler CHANGES NAME

Car manufacturer DaimlerChrysler South Africa will revert to its former name of Mercedes-Benz SA today. This follows the renaming of the German car maker to Daimler AG in October, after it sold 80 percent of its struggling American subsidiary Chrysler to private equity company Cerberus for about R50 billion.

Car manufacturer DaimlerChrysler South Africa will revert to its former name of Mercedes-Benz SA today. This follows the renaming of the German car maker to Daimler AG in October, after it sold 80 percent of its struggling American subsidiary Chrysler to private equity company Cerberus for about R50 billion.

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