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Daimler seals $7.4bn Chrysler sale
DaimlerChrysler has sold its Chrysler division to US private equity firm Cerberus in a multi-billion dollar deal. Cerberus has acquired an 80.1 per cent stake in the ailing carmaker and its related...
View ArticleDaimlerChrysler reports quarterly earnings rise
DaimlerChrysler has reported a huge boost in first quarter earnings despite continued losses at its newly-sold Chrysler division. A strong performance by the company’s Mercedes brand helped the...
View ArticleChery stops Chrysler project
Chery, the Chinese automaker, has pulled the plug on a joint project with DaimlerChrysler after the German manufacturer sold its Chrysler division. According to Handelsblatt newspaper, Chrysler was...
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Chrysler sale holds up Daimler’s accounts
DaimlerChrysler has announced its second quarter results will be delayed due to the recent sale of its Chrysler division. Substantial change in the carmaker’s financial reporting in the second quarter...
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DaimlerChrysler marketing boss quits
Steve Gray, one of the longest serving marketing directors in the automotive sector, has left DaimlerChrysler UK. Gray played a major role in establishing the success of the Chrysler and Jeep brands in...
View ArticleDaimler finally ditches Chrysler following name change
DaimlerChrysler has expunged the memory of its ill-fated merger with the American carmaker Chrysler after finally agreeing on a name change. Following months of debate, shareholders yesterday approved...
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Chrysler cuts more jobs
Chrysler announced last week its intention of slashing 15 per cent of its workforce in the US, over 10,000 jobs. The carmaker is also cutting overtime hours and reducing purchased services. Fifteen per...
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Cerberus denies Chrysler sale claims
Cerberus Capital Management has denied reports that said it sold half its stake in Chrysler and GMAC. The Financial Times reported that the private equity firm had made the sale to about 90 investors...
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Daimler and Cerberus start $7bn row
Daimler and Cerberus appear to be headed for a protracted legal dispute after the private equity firm launched an audacious bid demanding more than $7bn from the carmaker over losses that followed its...
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Daimler seals $7.4bn Chrysler sale
DaimlerChrysler has sold its Chrysler division to US private equity firm Cerberus in a multi-billion dollar deal. Cerberus has acquired an 80.1 per cent stake in the ailing carmaker and its related...
View ArticleDaimler seals $7.4bn Chrysler sale
DaimlerChrysler has sold its Chrysler division to US private equity firm Cerberus in a multi-billion dollar deal. Cerberus has acquired an 80.1 per cent stake in the ailing carmaker and its related...
View ArticleDaimler finally ditches Chrysler following name change
DaimlerChrysler has expunged the memory of its ill-fated merger with the American carmaker Chrysler after finally agreeing on a name change. Admin
View ArticleClik here to view.
Daimler and Cerberus start $7bn row
Daimler and Cerberus appear to be headed for a protracted legal dispute after the private equity firm launched an audacious bid demanding more than $7bn from the carmaker over losses that followed its...
View ArticleDaimler seals $7.4bn Chrysler sale
DaimlerChrysler has sold its Chrysler division to US private equity firm Cerberus in a multi-billion dollar deal. Cerberus has acquired an 80.1 per cent stake in the ailing carmaker and its related...
View ArticleDaimler finally ditches Chrysler following name change
DaimlerChrysler has expunged the memory of its ill-fated merger with the American carmaker Chrysler after finally agreeing on a name change. This story continues at Daimler finally ditches Chrysler...
View ArticleClik here to view.
Daimler and Cerberus start $7bn row
Daimler and Cerberus appear to be headed for a protracted legal dispute after the private equity firm launched an audacious bid demanding more than $7bn from the carmaker over losses that followed its...
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