Cerberus set to buy rest of Chrysler - report

FRANKFURT, Sept 24 (Reuters) - Private equity firm Cerberus Capital Management [CBS.UL] is in talks to buy the remaining 19.9 percent stake in U.S. carmaker Chrysler LLC still held by Daimler AG (DAIGn.DE), Germany's Manager Magazin reported.

Citing unidentified company sources, the magazine said on Wednesday that final details were being worked out and a sale could be possible within weeks.

Cerberus bought 80.1 percent of Chrysler in May 2007 in a $7.4 billion deal struck just before turmoil erupted on financial markets, which has led in turn to a sharp slowdown in U.S. car sales.

Daimler was not immediately available for comment. (Reporting by Michael Shields; Editing by Richard Hubbard) (michael.shields@thomsonreuters.com, Reuters Messaging: michael.shields.reuters.com@reuters.net; +49 69 7565 1266))