Monday, May 21, 2007

Daimler assumes US$1-B risk from Chrysler pension

Daimler bears $1 bln Chrysler pension risk (Reuters)

DaimlerChrysler's world headquarters is seen in Auburn Hills, Michigan May 15, 2007. DaimlerChrysler has assumed a $1 billion risk from Chrysler should its pension plans be terminated before an agreement with U.S. agency Pension Benefit Guaranty Corporation (PBGC) expires in five years. (Mike Cassese/Reuters)Reuters - DaimlerChrysler (DCXGn.DE) has assumed a $1 billion risk from Chrysler should its pension plans be terminated before an agreement with U.S. agency Pension Benefit Guaranty Corporation (PBGC) expires in five years.


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