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.
Detroit Diesel consists of two divisions. The off-highway division, which is owned by Tognum, is a wholly owned subsidiary of Engine Holding GmbH, a joint venture of Daimler AG and Rolls-Royce Group plc. The on-highway division is owned by Daimler AG. April 1938: General Motors formed the GM Diesel Division, the origin of todayâs Detroit Diesel Corporation.