PARIS AFP — The French government denied on Thursday any shady involvement in an alleged massive insider trading scandal at aerospace giant EADS that has dealt a fresh blow to troubled plane maker Airbus. "It goes without saying that the state was not a party in any alleged scheme,"...
FRANKFURT AFP — German carmaker DaimlerChrysler wants to sell property on the Potsdamer Platz in central Berlin worth around 1.5 billion euros (2.1 billion dollars), a report said Tuesday. DaimlerChrysler has hired US investment bank Merrill Lynch to search for a buyer, the Financial Times Deutschland quoted industrial sources...
FRANKFURT AFP — Germany might take a direct stake in the aerospace group EADS in 2010, replacing a consortium of investors and German states, but is keeping all options open, a government spokesman said Wednesday. Ulrich Wilhelm stressed that "nothing concrete" had been decided after the Financial Times Deutschland...
BERLIN AFP — The German-US auto giant DaimlerChrysler is confident the next few years will be positive now that it is getting rid of its loss-making US arm, Chrysler, chief executive Dieter Zetsche said in a newspaper interview published on Monday. "I'm sure how we're going to develop and...
WASHINGTON -- The Chairmen of DaimlerChrysler USA, Ford Motor Company and General Motors Corporation encouraged Congress yesterday to address the important issue of the misaligned and undervalued Japanese yen at a "Manufacturing Summit" held by the U.S. Senate Democratic Policy Conference on Capitol Hill. In remarks at the forum,...
NEW DELHI AFP — German-US auto giant DaimlerChrysler started construction of its second plant in India Wednesday to boost its capacity in the booming market. Production at the plant with an investment of 2.75 billion rupees (67 million dollars) in western Pune city is likely to begin in 2009,...
FRANKFURT AFP — A number of big institutional investors are turning up the pressure on German-US auto giant DaimlerChrysler to sell its troubled US unit Chrysler, the business daily Handelsblatt reported on Monday. Among the investors, the powerful Union Investment fund and SEB, are to demand from DaimlerChrysler chief...
In a related story by the Washington Post's Jeffrey Birnbaum, we learn that the new chief of staff of the House Energy and Commerce Committee is Dennis B. Fitzgibbons, who was a lobbyist for DaimlerChrysler. In that role, he was generously compensated to oppose laws requiring cars to use alternative...
M2 PRESSWIRE-8 March 2007-Research and Markets: DaimlerChrysler Announces Chrysler Group Restructuring; 13,000 Jobs To Go.C1994-2007 M2 COMMUNICATIONS LTD RDATE:08032007 Dublin: Research and Markets (http://www.researchandmarkets.com/reports/c51761) has announced the addition of Light Vehicle Manufacturing - March 2007 Issue to their offering...
DETROIT -- U.S. shares of DaimlerChrysler AG jumped more than 4 percent Friday -- setting a new 52-week high -- after a trade publication reported that General Motors Corp. is in talks to acquire the troubled Chrysler Group. GM and Chrysler officials would not comment on the report...
NEW YORK AFP — General Motors is reportedly in talks to buy all of its struggling rival Chrysler Group from German-US auto giant DaimlerChrysler AG. The weekly trade publication Automotive Nws cited sources in Germany and the United States, two days after Germany's Manager Magazin reported the same discussions...
BERLIN AFP — German-US auto giant DaimlerChrysler has agreed to cut its stake in European aerospace giant EADS to 15 percent from 22.5 percent, ensuring a balance between French and German shareholders. The agreement is set against a background of tense wrangling for months over the role of German...
SHANGHAI AFP — China's Beiqi Foton Motor said it had sealed a 105-million-dollar share sale to DaimlerChrysler as part of a new alliance with the auto giant. Shareholders have approved the transaction, to involve selling 297 million shares priced at 2.75 yuan each for a total of worth 817 million...
DETROIT, United States AFP — DaimlerChrysler AG chairman Dieter Zetsche said he was "close" to finding a suitable buyer for a 7.5 percent stake in European aerospace giant EADS that the automaker is selling. Briefing reporters on the margins of the Detroit auto show, Zetsche said there were "more than...
Bolstered by a consumer move toward smaller vehicles, Japan's Toyota for the first time outsold DaimlerChrysler in the USA last year. That makes Toyota the third-largest auto seller in the USA behind Detroit automakers General Motors and Ford Motor. Toyota's sales were up 12.5% in 2006 compared with 2005, according...
Byline: Jim Ostroff Detroit's automakers won't look much healthier by year end than they do now, despite a likely landmark agreement with the United Auto Workers UAW union on a money-saving new contract. The union will probably agree to let General Motors GM, Ford...
NEW YORK AFP — German-US automaker DaimlerChrysler said it had hired former FBI director Louis Freeh to assist an internal probe stemming from allegations of bribing officials in some countries. "We've hired Louis Freeh as an outside consultant," Han Tjan, director of corporate communications at DaimlerChrysler, told AFP in response...
BERLIN AFP — Talks chaired by the German government with the aim of upholding Germany's influence in the European aerospace giant EADS appeared on Friday to be entering the final stage. The talks between the government, the German-US auto giant and investors were "in a very developed phase," said the...
Auto haulers said flagging U.S. vehicle sales have led to a downturn for their services, and one executive warned the sector may be headed for even harder times in 2007."We've seen the beginning of the weeding-out process, and only the strongest companies are going to survive. I think at least...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c46860) has announced the addition of Light Vehicle Manufacturing - December 2006 to their offering. Light Vehicle Manufacturing is a dedicated round-up of all the latest global happenings and analysis specific to the manufacturing activities of the world's light vehicle manufacturers. It covers...
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