The Daily Item, Sunbury, PA--Autos http://www.dailyitem.com en-us Copyright CNHI All Rights Reserved. 5 Mon, 14 May 2007 11:41:00 +0000 http://www.dailyitem.com/autos/local_story_134114156.html Cerberus to pay $7.4B to DaimlerChrysler for 80.1 percent of Chrysler http://www.dailyitem.com/autos/local_story_134114156.html German-based DaimlerChrysler said Monday it will sell almost all of money-losing Chrysler to a private equity firm for $7.4 billion, backing out of a troubled 1998 takeover of the Jeep and Dodge maker aimed at creating a global automotive powerhouse.