Stuttgart  - German automotive group Daimler confirmed Wednesday it was in talks to sell its remaining Chrysler stake and finish the story of its unhappy merger with its US rival.

In a statement from its main office in Stuttgart, it said it was in "discussions with Cerberus Capital Management regarding the redemption of its remaining 19.9-per-cent stake in Chrysler."

Private-equity investor Cerberus owns the other 80.1 per cent of Chrysler.

A Daimler spokesman in New York, Han Tjan, declined to give further details. (dpa)