Cars
Mercedes-Benz's parent company Daimler has reached an agreement with Cerberus to let go of its remaining 19.9% stake in Chrysler LLC and write off a $1.5 billion loan that went to the American automaker in 2007. The new agreement will help Chrysler LLC's partnership talks with the Fiat Group as it clears out the ownership problems. However, Cerberus is in a tight race with time as the U.S. government imposed deadline for the firm's restructure is April 30.
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Chrysler And Fiat Reported To Be In Partnership Talks
Once again, the media is reporting that Chrysler LLC and the Fiat Group is in talks to form a strategic partnership that could give the American automaker access to platforms, engines and transmissions to Fiat's mini, small and lower /upper medium...
- Report: Chrysler In Talks With Hyundai And Renault-nissan
As soon as it became known that General Motors suspended its acquisition efforts of its equally financially troubled cross-town rival (click here for details), Reuters broke a news story saying that the Chrysler LLC owner Ceberus Capital Management has...
- Rumor Xlvii: Cerberus May Sell Jeep Back To Renault, Chrysler To Gm
Ford's selling its Mazda stakes; GM and Chrysler are in merger talks and now, the latest rumor to emerge is that Chrysler LLC's owner, Cerberus is thinking of dismantling the company and selling its assets to various companies/automakers. We're...
- Breaking News - Chrysler
Chrysler has been SOLD for $7.4 billion dollars. The seller keeps 20% of the business, leaving the door open for economies-of-scale benefits and some giving/sharing/taking opportunities between Benz and the Chrysler Group. The buyer is Cerberus Capital...
Cars
Daimler Agrees to Give Up its 19.9% Stake in Chrysler
Mercedes-Benz's parent company Daimler has reached an agreement with Cerberus to let go of its remaining 19.9% stake in Chrysler LLC and write off a $1.5 billion loan that went to the American automaker in 2007. The new agreement will help Chrysler LLC's partnership talks with the Fiat Group as it clears out the ownership problems. However, Cerberus is in a tight race with time as the U.S. government imposed deadline for the firm's restructure is April 30.Under the new agreement between the two parties, Daimler agreed to pay US $200 million into Chrysler's pension plans for the next two years while the existing pension guaranty of US $1 billion 'vis-Ã -vis' the PBGC will be reduced to an amount of US $200 million and will remain in place until August 2012.
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Chrysler And Fiat Reported To Be In Partnership Talks
Once again, the media is reporting that Chrysler LLC and the Fiat Group is in talks to form a strategic partnership that could give the American automaker access to platforms, engines and transmissions to Fiat's mini, small and lower /upper medium...
- Report: Chrysler In Talks With Hyundai And Renault-nissan
As soon as it became known that General Motors suspended its acquisition efforts of its equally financially troubled cross-town rival (click here for details), Reuters broke a news story saying that the Chrysler LLC owner Ceberus Capital Management has...
- Rumor Xlvii: Cerberus May Sell Jeep Back To Renault, Chrysler To Gm
Ford's selling its Mazda stakes; GM and Chrysler are in merger talks and now, the latest rumor to emerge is that Chrysler LLC's owner, Cerberus is thinking of dismantling the company and selling its assets to various companies/automakers. We're...
- Breaking News - Chrysler
Chrysler has been SOLD for $7.4 billion dollars. The seller keeps 20% of the business, leaving the door open for economies-of-scale benefits and some giving/sharing/taking opportunities between Benz and the Chrysler Group. The buyer is Cerberus Capital...