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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Daimler

Daimler stories: 7 news summaries

 UAW to Own 55% of Chrysler 


Apr 28, 09 8:07 AM CDT
(Newser) - The United Auto Workers are about to own Chrysler. In exchange for a variety of concessions, the union will eventually get a 55% majority share in the automaker, according to a summary of the restructuring deal, which was sent to union leaders late last night and reviewed by the More »

MORE ABOUT:
Chrysler • United Auto Workers • Cerberus Capital Management • Daimler • auto industry • Fiat

ANALYSIS

 Bailout Would Help 
 German Giants, Too 

Detroit bankruptcies would ripple through entire industry's supply chain

Dec 10, 08 2:20 PM CST
(Newser) - German giants BMW and Daimler are rooting for a bailout of the Big Three, since a bankrupt Detroit would devastate sales and cripple parts-makers they all share, Bloomberg reports. The US is the top market for BMW, No. 2 for Daimler’s Mercedes-Benz. Meanwhile, Fiat, Peugeot, and Renault—which compete... More »

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Chrysler • Germany • Europe • General Motors • Daimler • Michigan • automaker • Ford • BMW • US automakers • financial crisis

 London's 
 Stodgy Cabs 
 Get Overhaul 

Classic black taxis could be phased out for minivans

Sep 2, 08 6:36 AM CDT
(Newser) - London's black cabs, with their jump seats and garrulous drivers, are one of the emblems of the city. But they're also gas-guzzling polluters, reports the New York Times, so this month the eco-conscious British capital is introducing a new taxi to its streets: a minivan designed by Mercedes that bears... More »

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London • Daimler • taxi • Mercedes Benz • Britain

30K Americans Ordered... This?

Daimler's new fuel-savvy car in high demand before 2008 release

Dec 4, 07 6:30 PM CST
(Newser) - American orders for a new fuel-smart car are already swamping its German manufacturer, the AFP reports. Some 30,000 Americans have already put down $99 on Daimler's Smart Fortwo in anticipation of its January arrival—but some analysts say the tiny two-seater will end up parked in a country that... More »

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gas • Daimler • automaker • SUV • auto industry • Smart Car

"Vulture Fund" Behind Chrysler Deal

May 14, 07 10:49 PM CDT
(Newser) - Der Spiegel vivisects Cerberus, the private equity group that won Chrysler for a relative bargain today from German auto giant Daimler. Financier Stephen Feinberg's 15-year-old firm has $60 billion in assets, and specializes in companies on the brink of bankruptcy. The group avoids the spotlight, recruits former CEOs and politicians,... More »

MORE ABOUT:
private equity • Chrysler • DaimlerChrysler • Cerberus Capital Management • Daimler • Stephen Feinberg • auto industry

Daimler to Unload Chrysler in $7.4B Deal

German firm keeps minority stake
in American auto giant

May 14, 07 7:34 AM CDT
(Newser) - DaimlerChrysler has sold a majority stake in the Chrysler Group to the American private-equity firm Cerberus for $7.4 billion, the auto giant announced today. The deal unhooks the money-losing American arm of the international conglomerate from its German partner, which will retain a 19.9% stake in Chrysler and... More »

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private equity • Chrysler • United Auto Workers • DaimlerChrysler • Dieter Zetsche • Cerberus Capital Management • Daimler • auto industry • cars

Kerkorian Offers $4.5 Billion
For Chrysler

Dumped his shares last time around; now is ready with cash

Apr 5, 07 4:18 PM CDT
(Newser) - Beverly Hills billionaire Kirk Kerkorian has offered to buy the Chrysler group for $4.5 billion. Kerkorian's investment company, Tracinda Corp., can pay cash for the ailing automotive giant, and is pitching an extra $100 mil for an exclusive two-month period to run due diligence. Tracinda told parent DaimlerChrysler it... More »

MORE ABOUT:
Chrysler • United Auto Workers • Kirk Kerkorian • Tracinda • Daimler • business • DaimlerBenz • shares • auto industry • cars

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