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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: DaimlerChrysler

DaimlerChrysler stories: 11 news summaries

US Choice:
Put Money
in Startups
or Big Three

Tesla needs aid for new electric sedan

Jan 17, 09 1:42 PM CST
(Newser) - Small upstart Tesla wants to build on the success of its bold electric sports car—the pricey Roadster—by building a tamer sedan for the masses. But to do so, it needs a big infusion of cash from the Obama administration, which is looking to boost clean energy. The situation,... More »

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DaimlerChrysler • Ford • green energy • US government • electric cars • Chevrolet Volt • Tesla Motors • cars

Chrysler Execs to Get $30M
in Retention Bonuses

Will auto bailout change that?

Nov 14, 08 10:11 AM CST
(Newser) - Even as nearly bankrupt Detroit automakers beg Congress for a bailout, Chrysler is preparing to pay its top executives $30 million in retention bonuses, the Detroit Free Press reports. Chrysler says the deals were necessary measures to keep top talent in place when they were conceived last year during... More »

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Chrysler • DaimlerChrysler • executive compensation • bonuses • auto industry • bailout • auto bailout

Chrysler Loss Deepened After Daimler Split

Filing shows a $2.9B loss in Aug.-Sept. '07, big bonus to CEO

Feb 28, 08 12:56 PM CST
(Newser) - Chrysler lost nearly $2.9 billion in a 2-month period last fall, after its split from Daimler, a filing by the German company shows. The filing by Daimler, which retains 19.9% of the automaker, offers a rare look at how costly the company's reorganization effort has been since it... More »

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Chrysler • United Auto Workers • DaimlerChrysler • Detroit • earnings reports • Robert Nardelli • Tom LaSorda

Life Without Chrysler Suits Daimler Fine

German automaker predicts 10% profit margins by 2010

Aug 30, 07 4:31 PM CDT
(Newser) - Rid of the Chrysler albatross since its May sale, German automaker DaimlerChrysler says its profits are taking off, Business Week reports. CEO Dieter Zetsche said yesterday the company—which aims to strip "Chrysler" from its name this fall—is likely to beat his estimates of 7% profit this year,... More »

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Chrysler • DaimlerChrysler • Dieter Zetsche • Mercedes Benz • auto industry • cars

Japanese Foes Thump
Big 3 in June Sales

Figures spell especially big trouble for GM

Jul 3, 07 5:57 PM CDT
(Newser) - GM's sales in June were down 24% from a year earlier, leading an all-American slump that saw Ford and Chrysler report downturns as Toyota, Honda, and Nissan rang up increases in figures released today. Discounts on the Tundra pickup helped Toyota jump into second place in the American market in... More »

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DaimlerChrysler • Toyota • General Motors • Honda • Nissan • Ford • US economy • auto industry • cars

Smart Car Makes
a Little Noise

DaimlerChrysler subsidiary's pocket-size Fortwo revs up to enter US market

May 16, 07 1:12 PM CDT
(Newser) - Smart USA will venture into the American auto market early next year, but not in a big way: The Smart Fortwo is very, very small. LA Times auto columnist Dan Neil takes it for a spin and reports that it's a chick magnet and a lot of fun to drive,... More »

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DaimlerChrysler • Smart Fortwo • Smart USA • auto industry • hybrid car • cars

Chrysler Sale Suggests New Deal for Detroit

Ford, GM see hope
for restructuring
labor costs

May 15, 07 7:41 AM CDT
(Newser) - The sale of Chrysler to private-equity firm Cerberus Capital Management could be a watershed for the entire industry, the Wall Street Journal predicts. Cerberus thinks it can make the embattled carmaker profitable by restructuring its debilitating $18-billion health care and pension liability. If it succeeds without resorting to bankruptcy—which... More »

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private equity • Chrysler • United Auto Workers • DaimlerChrysler • Cerberus Capital Management • General Motors • Detroit • stocks • Ford • auto industry

"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 »

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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

Cerberus Close to Consuming Chrysler

Proving that three heads may be better than one

May 13, 07 10:10 PM CDT
(Newser) - Private equity firm Cerberus Capital Management is said to have cut a deal to buy Chrysler from DaimlerChrysler.  Cerberus has lots of experience in negotiating for assets in the auto industry, having led the buyout of auto parts maker Delphi, which has not yet closed and may yet fall... More »

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private equity • Chrysler • Delphi • DaimlerChrysler • Cerberus Capital Management • Magna International Inc. • acquisition • auto industry

DaimlerChrysler Wants Divorce

Detroit legend's fate may be decided in a German boardroom -- but tk can't seem to get out of first gear

Apr 4, 07 4:22 PM CDT
(Newser) - DaimlerChrysler is trying to unload its clunky Detroit half, its CEO (and occasional company mascot) Dieter Zetsche confirmed at a shareholder's meeting today. The news, which comes after nearly two months of eager speculation, was a relief to frustrated German shareholders, who have long seen Chrysler as a drag on... More »

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private equity • Chrysler • health care costs • Blackstone Group • DaimlerChrysler • Dieter Zetsche • Cerberus Capital Management • Magna International Inc. • Detroit • business

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