Monday, 21 May 2007

Daimler bears $1 bln Chrysler pension risk

(Reuters) - "We have said that with the closing of the transaction, the topic of pension obligations is settled. If there is something coming, then we know what is coming," he said, adding that the agreement was based on PBGC's model, which calculates risks in the event that the pension plan were terminated immediately.




"We take provisions for the hypothetical case it would be terminated," the Daimler spokesman continued.


Read more at Reuters.com Business News

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