DaimlerChrysler reports Q1 growth April 28, 2006
Despite its troubles in the US market and at its luxury brand Mercedes, German carmaker DaimlerChrysler has reported a 4% rise in its first-quarter profit. DaimlerChrysler sold 1.15 million vehicles worldwide in the first quarter of 2006, surpassing the figure for 2005 by 6%. As a result of the positive development of unit sales, the group?s total revenues increased by 17% to E37.2 billion. The company’s operating profits however were largely offset by charges related to the discontinuation of the smart forfour model and the realignment of the smart business model bringing charges of E982 million and E800 …
How Chrysler crushed crooked lawyers April 17, 2006
Steve Hantler thought he had seen just about everything — until the DaimlerChrysler lawyer came across three slippery San Antonio lawyers who filed a bogus $2 billion product-liability case against the automaker based on faked evidence.
DaimlerChrysler sells Sebring, Stratus tooling to GAZ April 14, 2006
DaimlerChrysler AG is selling the tooling for the outgoing Chrysler Sebring and Dodge Stratus sedans to Russia’s Gorky Automotive Works, or GAZ. Read more
Daimler’s Chief Tells Shareholders to Expect Higher Profit April 13, 2006
Dieter Zetsche also defended Daimler’s beleaguered Smart division, a troubled effort to sell small urban-oriented vehicles that has yet to make money. Read more
DaimlerChrysler to Reduce 7.5% of its Stake in EADS April 6, 2006
German car maker DaimlerChrysler is cutting its stake in EADS, the European defense company. Read more
DaimlerChrysler having Smart rethink March 28, 2006
US-German automaker DaimlerChrylser is dropping its four passenger Smart car in order to focus its attentions on the two-seater version. Read more
DaimlerChrysler sees Smart breakeven in 2007 March 21, 2006
STUTTGART (Reuters) — DaimlerChrysler expects its ailing Smart small-car brand to break even next year, according to the carmaker’s finance chief. “We will reach the breakeven mark at Smart in 2007,” Daimler CFO Bodo Uebber told journalists. Read more
DaimlerChrysler offers executive buyout deals March 20, 2006
STUTTGART, Germany (Reuters) — DaimlerChrysler is offering senior managers buyout packages including two months’ pay for every year of service to encourage voluntary redundancies, a source familiar with the matter said on Monday. Read more
DaimlerChrysler CEO Zetsche sees inventory overhang March 16, 2006
DETROIT (Reuters) — DaimlerChrysler AG CEO Dieter Zetsche believes the Chrysler group needs to speed up targeted gains in factory productivity and quality in the face of an inventory glut and high incentive spending, the Detroit News… Read more
Smart roadster to be taken over February 23, 2006
DaimlerChrysler has agreed in principle to sell the rights and production equipment of the roadster to a British consortium.When DaimlerChrysler announced it would cease production, a number of organisations expressed an interest in taking over the product and now “Project Kimber” has signed a memorandum of understanding (MoU). “Project Kimber” was originally formed to try and take over MG, ultimately losing out to Nanjing of China.
Bringing the roadster to the UK makes a lot of sense. The car has always sold well in the British market and, indeed, smart in the UK fought to increase its allocation of roadsters in …
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