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.
Chrysler Buys GEMA Stakes from Mitsubishi and Hyundai. After a five-year run, the Global Engine Manufacturing Alliance (GEMA) that united Chrysler, Mitsubishi, and Hyundai to build four-cylinder engines has ended. Chrysler bought Mitsubishiâs and Hyundaiâs stakes in the group and now wholly owns both the Alliance and its primary engine-building plant in Dundee, Michigan.