Tuesday, March 4, 2008

Chrysler Retains Access to Daimler Technology

By Mike Spector

GENEVA -- Chrysler LLC Vice Chairman Jim Press said his company has unfettered access to technology developed by its former parent, Daimler AG.

Mr. Press, speaking to reporters at the Geneva Motor Show, said Chrysler can take advantage of technology harnessed by its former German parent as it seeks solutions for meeting stricter fuel-economy regulations and meeting consumer demand for better-mileage vehicles. "We have access to their advanced technology," Mr. Press said.

Cerberus Capital Management LP bought an 80.1% stake in Chrysler last year after the auto maker's failed marriage of several years with Daimler. Daimler retained ...

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