Chrysler
Mercedes Car Group sales are down 1.3 pct.
July 06, 2007The German-American automaker DaimlerChrysler, which is in the process of selling its Chrysler unit to private equity firm Cerberus Capital Management, announced that overall sales by its Mercedes Car Group, including the famous Mercedes-Benz brand and...
DaimlerChrysler delays full Q2 results to Aug 29
July 03, 2007The world's fifth-biggest carmaker, DaimlerChrysler said it will postpone until August 29 its full second-quarter results, which were originally due on July 26. The company cited the complexity arising from its sale of a majority stake in U.S. arm Chrysler...
Banks hawk $62bn in Chrysler debt
June 27, 2007Bankers have started hawking $62bn in debt for Chrysler, the US carmaker that the private equity group Cerberus agreed last month to buy from DaimlerChrysler. Loan industry data group Standard & Poor's LCD analysts said that volatility is hitting...
No more bidders emerge for Tower
June 25, 2007Troubled automotive framing supplier Tower Automotive Inc. has canceled its planned auction for Monday, June 25, after concluding that it has received no competing bids. Therefore, the parts supplier will ask a U.S. Bankruptcy Court judge to approve the...
Chrysler seeks new applications for diesel engine
June 24, 2007The Chrysler group is looking for new applications for the 3.0-liter six-cylinder diesel engine developed by Mercedes-Benz that the company uses only on the 2008 Jeep Grand Cherokee, executive vice president for product development, Frank Klegon said...
Thomas Sidlik retires from DaimlerChrysler
June 20, 2007DaimlerChrysler AG has announced the retirement of Thomas Sidlik, chief of global purchasing and supply that becomes effective at the closing of the takeover of the Chrysler Group by Cerberus Capital Management in the third quarter. In the future...
UAW work with Chrysler on health care
June 20, 2007Chrysler is working with United Auto Workers on getting health care concessions similar to the ones Ford Motor Co. and General Motors Corp. got in 2005 and which saved the companies billions of dollars, concessions that the Union refused to do for Chrysler...
Regulators clear Chrysler purchase
June 20, 2007Federal antitrust regulators have cleared Cerberus Capital Management's $7 billion purchase of Chrysler, people close to the deal said. According to two people who spoke on condition of anonymity because they were not authorized to speak publicly...
Renault, Nissan say no immediate interest in alliance with Chrysler or others
February 21, 2007The Renault-Nissan auto alliance is not interested in buying DaimlerChrysler's loss-making Chrysler division, despite exploring a North American partnership last year, a Nissan official said Wednesday. Tokyo-based Nissan, 44 percent owned by Renault...
- February 20, 2007
General Motors Corp is in preliminary talks to buy Chrysler, the struggling US arm of DaimlerChrysler AG, or to strike a strategic alliance with the rival vehicle maker, sources familiar with the situation said on Friday. There was deep scepticism...
