Daimler is open to any third party interested in its 19.9% Chrysler stake, the carmaker's finance director told a German paper today.
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The Obama administration has added Wall Street expertise to its team overseeing the restructuring of General Motors and Chrysler, naming Steven Rattner as adviser to treasury secretary Timothy Geithner.
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General Motors and Chrysler should soon overcome a major hurdle in meeting the terms of emergency government loans, but analysts have warned the cash-strapped automakers remain at high risk for bankruptcy.
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Daimler is open to any third party interested in its 19.9 percent Chrysler stake and unlikely to buy back its shares in the medium term, the German carmaker's finance director said.
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Daimler is open to any third party interested in its 19.9 percent Chrysler stake and unlikely to buy back its shares in the medium term, the German carmaker's finance director said.
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Daimler is open to any third party interested in its 19.9 percent Chrysler stake and unlikely to buy back its shares in the medium term, the German carmaker's finance director said.
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Outside advisers to the US Treasury are lining up contingency financing options for General Motors and Chrysler as part of a review of restructuring options for the automakers, a Treasury official has said.
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Outside advisers to the US Treasury are lining up contingency financing options for General Motors and Chrysler as part of a review of restructuring options for the automakers, a Treasury official has said.
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Beijing Automotive Industry on Monday said it had not talked with Chrysler about buying assets or technology.
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The Obama administration confirmed today that outside advisers are looking into debtor-in-possession financing for General Motors and Chrysler LLC in case one or both need to reorganize in bankruptcy.
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When General Motors and Chrysler LLC knocked on doors in Washington again last week to request another $22 billion in federal aid, there wasn't much mention of marketing in the recovery plans they submitted, as it wasn't required.
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Chrysler let slip the names to two upcoming Alfa Romeo models in its survival plan submitted to Congress--and here is a look at one of them, the Milano.
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Chrysler let slip the names to two upcoming Alfa Romeo models in its survival plan submitted to Congress--and here is a look at one of them, the Milano.
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A potentially hostile Congress could get to decide whether General Motors and Chrysler LLC receive the additional immediate federal aid they say they need to stay in business.
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If Ron Bloom gets his way, everyone will sacrifice. Last week, President Barack Obama appointed Bloom to help restructure General Motors and Chrysler LLC.
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Chrysler LLC says it can survive without a proposed product-sharing alliance with Fiat S.p.A. if it gets an additional $5 billion federal loan. But analysts say Chrysler's stand-alone plan relies on extremely optimistic assumptions.
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Chrysler has provided Canada with more details about how it would restructure its operations north of the border after complaints that a plan it submitted on Friday lacked Canada-specific information, the country's industry minister said today.
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The Canadian units of General Motors and Chrysler LLC are seeking as much as C$10 billion ($8 billion) in aid from the Canadian and Ontario governments as they fight to survive an industrywide crisis, officials said on Friday.
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With the survival of at General Motors and Chrysler LLC at stake, a presidential task force on industry restructuring held its first meeting today behind closed doors at the Treasury Department.
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With the survival of General Motors and Chrysler LLC at stake, the presidential task force on industry restructuring held its first meeting today behind closed doors at the Treasury Department.
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