Daimler AG's former CEO, Juergen Schrempp, today defended the failed merger with Chrysler as "vital" for Daimler-Benz during testimony in a German state court.
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Transmission manufacturer GETRAG and American automaker Chrysler met recently to discuss and attempt to resolve issues surrounding an agreement that went sour between the two companies.
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General Motors has detailed a plan to slash costs at Chrysler LLC but initial attempts to secure financing for the controversial merger have been rebuffed, raising new doubts about whether it can be completed without government aid.
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General Motors has detailed a plan to slash costs at Chrysler LLC but initial attempts to secure financing for the controversial merger have been rebuffed, raising new doubts about whether it can be completed without government aid.
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General Motors is pushing ahead with talks to acquire Chrysler LLC in a deal that the automaker sees as a way to boost its cash position at a time when it has been shut out of debt markets and its own revenues are tumbling, sources said.
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General Motors is pushing ahead with talks to acquire Chrysler LLC in a deal that the automaker sees as a way to boost its cash position at a time when it has been shut out of debt markets and its own revenues are tumbling, sources said.
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General Motors is pushing ahead with talks to acquire Chrysler LLC in a deal that the automaker sees as a way to boost its cash position at a time when it has been shut out of debt markets and its own revenues are tumbling, sources said.
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Chrysler has cancelled a twin clutch gearbox manufacturing deal with Getrag Transmission in a dispute over financial issues which has led the automaker to file a lawsuit against its supplier.
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Chrysler has cancelled a twin clutch gearbox manufacturing deal with Getrag Transmission in a dispute over financial issues which has led the automaker to file a lawsuit against its supplier.
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Reports over the weekend have suggested that General Motors sees acquiring Chrysler as a way of boosting cashflow at a time of tightened credit and falling revenues, and that some sort of deal is close. It has also been reported that negotiators hope to finalise a deal before the 4 November presidential election and are lobbying for government financial assistance to help clinch it.
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Car makers Ford Motor Co. and Chrysler LLC, are offering discounts on their newest models to boost sales of their North-American pickup trucks, the Financial Times reported.
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Steven Xu didn't sell a single Chrysler 300C last month. But by local standards, he's an optimist, just because he kept the doors open at Yueye Chrysler during the October National Day long weekend.
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With a roiling economy, cash flow woes and a credit crisis, the Detroit 3 are entertaining possible alliances that once would have been considered fanciful.
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Getrag Transmission Manufacturing LLC said yesterday that Chrysler LLC has canceled a deal for Getrag to build fuel-saving dual-clutch transmissions for Chrysler at a proposed plant in Tipton, Ind.
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Getrag Transmission Manufacturing LLC said yesterday that Chrysler LLC has canceled a deal for Getrag to build fuel-saving dual-clutch transmissions for Chrysler at a proposed plant in Tipton, Ind.
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Getrag Transmission Manufacturing LLC said today that Chrysler LLC has canceled a deal for Getrag to build fuel-saving dual-clutch transmissions for Chrysler at a proposed plant in Tipton, Ind.
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Private equity firm Cerberus Capital Management is nearing a deal to buy Daimler's remaining stake in Chrysler, sources familiar with the talks said.
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The Jeep brand could return to Renault ownership under a deal that would split Chrysler between Renault and General Motors.
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Private equity firm Cerberus is in talks to sell all or part of Chrysler's operations to Renault and General Motors as it considers a range of deals that could break up the No. 3 U.S. automaker, people familiar with the talks said on Thursday.
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Cerberus Capital Management LP is stepping up efforts to sell Chrysler LLC to General Motors, according to two news reports late yesterday.
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