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.
Cummins set the record straight in their May 2013 newsletter, outlining that Ford Motor Company had purchased 10.8% of the diesel engine manufacturer in 1990. In 1997, those shares were bought back, and as such Ford has not owned a stake in Cummins since.