This extension letter states the new period of lease from the old and soon-to-be expire period. This notification will allow the tenant to continue with the currently rented property. New terms and conditions of the contract may be included in this letter. From: Matthew Middleton.
DaimlerChrysler Takes Ownership of Detroit Diesel in $700 Million Deal. DaimlerChrysler became the sole owner of Detroit Diesel by purchasing the outstanding 78.7 percent of the Redford, Mich., company's stock.
DaimlerChrysler will take over Detroit Diesel's headquarters and engine plant in Redford and its international operations. Ingersoll-Rand acquired an 80 percent interest in Nanjing Sanda Machinery, a Nanjing, China-based manufacturer of reciprocating air compressors.