Chrysler - under new management

• Investment group acquires 80.1% of company
• Rest retained by former owners Daimler-Benz
• Pentastar logo to return to Chrysler cars

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Chrysler is now officially owned by Canadian investment group Cerberus Capital Management.

Chrysler includes brands such as Jeep and Dodge, and the deal gives Cerberus 80.1% of Chrysler, with the remaining 19.9% retained by former owner Daimler.

The deal was struck on Friday.

Daimler-Benz and Chrysler had merged in 1998 in an £18 billion deal that was the largest of its time.

The deal will not affect the model line-up, although the company logo will revert to its traditional Pentastar (a star within a pentagon).

Warranties for current owners are not affected.