Chrysler draws down $2 bln credit line - Daimler

STUTTGART, Germany, June 24 (Reuters) - Daimler AG (DAIGn.DE) said on Tuesday that ailing U.S. carmaker Chrysler, in which it sold a majority stake last year, has drawn on a $2 billion credit line from its two big shareholders.

Private equity group Cerberus Capital Management LP [CBS.UL] last year bought an 80.1 percent stake in Chrysler, which said last week it was meeting or topping its financial targets despite the deepening slump in the U.S. automotive market.

Chrysler has drawn on the credit line, a Daimler spokesman said, adding: "Our share of this is $1.5 billion."

Daimler can sell on the debt at any time from Aug. 3, he said, but added no decision had been made yet on this. (Reporting by Hendrik Sackmann) (michael.shields@thomsonreuters.com, Reuters Messaging: michael.shields.reuters.com@reuters.net; +49 69 7565 1266))