July 11, 2007
Traders cited talk that Cerberus had difficulties financing the purchase of Chrysler, a deal made in May this year and which is scheduled to close in the third quarter.
Cerberus had agreed to buy the majority of Daimler's struggling Chrysler Group for $7.4 billion.
Cerberus had no immediate comment.
"We have no indication that there will be any delay to closing this transaction," a DaimlerChrysler spokesman said, adding that the share price decline could be down to the strong euro against the dollar.
The euro traded at a record high against the dollar today.
DaimlerChrysler shares were down 2.4 percent at 1056 GMT, while Germany's DAX index was down 1.3 percent.