Daimler Exits EADS With $2.9 Billion Stake Sale to Fix Cars

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Daimler AG, the world’s third-largest maker of luxury cars, sold its remaining stake in Airbus SAS parent European Aeronautic, Defence & Space Co. for 2.2 billion euros ($2.9 billion) to focus on its auto business.

Daimler disposed of 61.1 million shares in EADS, equal to