Jurgen Schrempp could make $134 million from the sale of Chrysler
Filed under: Chrysler, Daimler, Earnings/FinancialsJurgen Schrempp was a visionary. He didn't pull off his vision of massive synergies and massive profits for DaimlerChrysler. He did, though, manage to...
View ArticleUAW head says Chrysler needs concessions from union
Filed under: Chrysler, UAW/UnionsTwo years ago, the UAW gave some health care concessions to struggling GM and Ford in an effort to help the Detroit giants save billions of dollars and stay afloat. At...
View ArticleIt's a go: Federal regulators clear Cerberus' purchase of Chrysler
Filed under: Etc., Government/Legal, ChryslerWithout even waiting for the usual 30-day review period to end, US Government antitrust regulators have officially cleared the purchase of Chrysler by...
View ArticleChrysler planning 'debut' party to hype its return to American roots
Filed under: Etc., Chrysler, DaimlerPlaying the role of the wild and free divorcee, Chrysler is sending out 3,700 party kits and invitation to its dealers to mark the automaker's return to all-American...
View ArticleDaimler and Chrysler subsidiaries to remain close
Filed under: Etc., Chrysler, Daimler, Mercedes-BenzThe majority of Chrysler has just been sold to a private equity firm, but that doesn't mean the two divisions - Mercedes and Chrysler - won't continue...
View ArticleCerberus snag digesting Chrysler?
Filed under: Chrysler, DaimlerThe euro has reached a record high against the dollar, and that is partly to blame for rumors of Cerberus' difficulty in getting the money to pay for Chrysler. Cerberus is...
View ArticleWolfgang Bernhard to become chairman of Chrysler Group
Filed under: Hirings/Firings/Layoffs, Chrysler, DaimlerAccording to a German magazine referenced by Automotive News, Wolfgang Bernhard is expected to be announced as the Chrysler Group's...
View ArticleDone deal: Cerberus takes control of Chrysler today
Filed under: Chrysler, Daimler August 3, 2007. Today is the day that Cerberus Capital Management LP takes an 80.1% controlling stake in Chrysler, leaving DaimlerChrysler a minority 19.9% share. The...
View ArticleDaimler deals with Ford to get its name back
Filed under: Daimler, Ford, JaguarThe history of Daimler Motor Corp. is very interesting and full of twists and turns. You can read about it here, but the part we're most interested in today starts in...
View ArticleCourt removes wind from automakers' sales in Vermont emissions fight
Filed under: Government/Legal, Green, Daimler, GMGeneral Motors and the former DaimlerChrysler have been handed a disappointment in a Boston district court. At issue was Vermont's adoption of...
View ArticleBREAKING: California judge throws out lawsuit against automakers
Filed under: Government/LegalYou might recall about this time last year, California State Attorney General Bill Lockyer filed a lawsuit in Northern California's U.S. District Court asserting that...
View ArticleMercedes-Benz Cars is born today
Filed under: Mercedes-BenzThe last remnants of the merger between Daimler and Chrysler that occurred seven years ago has finally been put out to pasture with the announcement today of a new name for...
View ArticleNHTSA releases '06 CAFE fines, Daimler(Chrysler) takes cake
Filed under: Government/Legal, Green, DaimlerThe automaker formerly known as DaimlerChrysler isn't finished making headlines yet. The NHTSA, which levies fines for manufacturers not meeting CAFE...
View ArticleHyundai exec talks engine sharing with Mercedes-Benz
Hyundai, now a world-class engine manufacturer, may lend engine technology to Mercedes-Benz for a future four-cylinder powerplant. It was just a few short years ago that DaimlerChrysler, Mitsubishi,...
View ArticleWhat's Chrysler worth to Daimler? Zip, Zero, Nada, Donut
Filed under: Chrysler, Daimler, Earnings/FinancialsSo, just what is a 19.9% stake in America's third largest automaker worth? Um, nothing. So says Daimler, which owns exactly that amount. The German...
View ArticleWho's the Boss? Daimler still wants to offload remaining stake in Chrysler
Filed under: Chrysler, Daimler, FiatFor over a decade, ownership of Chrysler has been bouncing back and forth over the Atlantic like an Airbus jet. Since its founding in 1925, it was independently...
View ArticleBREAKING: Volvo design chief Steve Mattin leaves company
Filed under: Hirings/Firings/Layoffs, VolvoDetails are scarce at the moment, but we have learned that Volvo's award-winning design director, Steve Mattin, has left the company. While no further details...
View ArticleREPORT: If Chrysler goes down, it could cost Daimler $1 billion
Filed under: Chrysler, Daimler, Earnings/FinancialsNerves are frazzled in Stuttgart over the troubles facing Chrysler. Let's not forget that Daimler still has a skin in the Chrysler game, and while...
View Article2011 Jeep Grand Cherokee launch threatened by parts dispute?
Filed under: Chrysler, Mercedes-Benz 2011 Jeep Grand Cherokee - Click above for high res image gallery Chrysler and Daimler have been divorced for nearly three years, but the two automakers are still...
View ArticleDaimler CEO Dieter Zetsche dishes out advice for Chrysler
Filed under: Car Buying, Chrysler, Dodge, Jeep, Mercedes-Benz, Fiat It's said that certain cultures don't handle the concept of irony well. You know, irony - where the intended answer is the opposite...
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