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Car manufacturer DaimlerChrysler announced on Friday that they have raised their current holding of 25% to 55%, making them the effective owner as of the 31st of October this year. The remaining shares are dispersed three ways with Mario Illien, Liz Morgan, the widow of company co-founder Paul Morgan, and Roger Penske each holding 15 percent. The parties agreed not to disclose the price of the acquisition as it is not material in respect of DaimlerChrysler's financial position.