Cars
Another day, another Chrysler LLC rumor. This time the Detroit News is reporting that the Renault-Nissan alliance has made a proposal to obtain a 20 percent stake in Chrysler LLC from Cerberus. Citing sources familiar with the matter, the newspaper said that the Carlos Ghosn, CEO of both Renault SA and Nissan Motor Co., has already sent an offer that included revisions to a draft agreement prepared by Cerberus. We remind you that last week, Reuters reported that among the various solutions laid on the table was one that would see Renault acquiring the Jeep brand with Chrysler and Dodge heading over to GM. -Continued
- Daimler And Renault-nissan Alliance Tie The Knot: Infiniti Gets Mercedes-benz Engines
In the latest sign of auto industry marriages, Mercedes-Benz' parent company Daimler and the Renault-Nissan Alliance made their relationship official today at a news conference in Brussels, Belgium. The two groups announced a broad strategic cooperation...
- Sprouting From Brussels: The Nissan-renault-mercedes Alliance?
It appears as if Daimler and Renault-Nissan will be announcing another super-alliance tomorrow, following closely on the heels of the Volkswagen / Suzuki Eurasian powerhouse. Renault Chairman/CEO Carlos Ghosn and Daimler CEO Dr. Dieter Zetsche will be...
- 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...
- 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...
- Chrysler In Preliminary Merger Talks With Gm
According to separate reports in The New York Times and The Wall Street Journal, two of the most iconic and troubled.... names in the American industry, General Motors and Chrysler LLC, have been in preliminary talks the past month or so concerning a...
Cars
Rumorville: Renault-Nissan Seeking to buy 20% of Chrysler LLC
Another day, another Chrysler LLC rumor. This time the Detroit News is reporting that the Renault-Nissan alliance has made a proposal to obtain a 20 percent stake in Chrysler LLC from Cerberus. Citing sources familiar with the matter, the newspaper said that the Carlos Ghosn, CEO of both Renault SA and Nissan Motor Co., has already sent an offer that included revisions to a draft agreement prepared by Cerberus. We remind you that last week, Reuters reported that among the various solutions laid on the table was one that would see Renault acquiring the Jeep brand with Chrysler and Dodge heading over to GM. -Continued So what gives? Well, if we are to believe Detroit News and its sources that are supposedly close to the talks, then it is almost certain that Cerberus will wrap up a deal -one way or another- with either Renault-Nissan or General Motors.
If indeed true, then there's a good possibility that we'll see a deal being struck before the U.S. presidential elections on November 4 as politicians tend to be more open to requests at that time for federal aid to complete a merger. What can we say other than that we're really curious to see how this story will develop over the forthcoming weeks.
Link: Detnews
- Daimler And Renault-nissan Alliance Tie The Knot: Infiniti Gets Mercedes-benz Engines
In the latest sign of auto industry marriages, Mercedes-Benz' parent company Daimler and the Renault-Nissan Alliance made their relationship official today at a news conference in Brussels, Belgium. The two groups announced a broad strategic cooperation...
- Sprouting From Brussels: The Nissan-renault-mercedes Alliance?
It appears as if Daimler and Renault-Nissan will be announcing another super-alliance tomorrow, following closely on the heels of the Volkswagen / Suzuki Eurasian powerhouse. Renault Chairman/CEO Carlos Ghosn and Daimler CEO Dr. Dieter Zetsche will be...
- 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...
- 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...
- Chrysler In Preliminary Merger Talks With Gm
According to separate reports in The New York Times and The Wall Street Journal, two of the most iconic and troubled.... names in the American industry, General Motors and Chrysler LLC, have been in preliminary talks the past month or so concerning a...