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.
As Fiat cruises into the ownership roundabout, Daimler is clearly looking for the exit. The German automaker owns a 19.9% stake in Chrysler but wrote down the value of the shares to zero last autumn (how's that for pessimism). Negotiations begun by Cerberus back in September to purchase Daimler's stake broke down.