Following today’s announcements, DaimlerChrysler responded to queries about the potential sale of the Chrysler Group. Statement follows:
Today the Supervisory Board will reach a decision on the Board of Management’s decision to restructure the Chrysler Group. The Board of Management intends to consider other, more far-reaching strategic options with partners in order to support and facilitate […]

In a turnaround from his statements last fall, DaimlerChrysler CEO Dieter Zetsche would not rule out a sale of the Chrysler Group. According to a report by Reuters, Zetsche said all options are on the table.
“In this regard, we do not exclude any option in order to find the best solution for both the Chrysler […]

DaimlerChrysler today published its preliminary financial results for 2006. Despite a significant decline in earnings at the Chrysler Group, DCX recorded an operating profit of $7.28 billion in 2006, in comparision to $6.843 million in 2005. DaimlerChrysler total revenues increased by 1 percent to $200.1 billion.
The decline at the Chrysler Group was more than offset […]

The Chrysler Group today announced a three-year plan that will cut 13,000 jobs and close its Newark, Del., assembly plant, which builds the Dodge Durango and Chrysler Aspen SUVs. The Recovery and Transformation Plan seeks to return the automaker to profitability by 2008.
The 13,000 job cuts will complete by the end of 2009, and will […]

When DaimlerChrysler’s Chrysler Group announces its restructuring plan tomorrow, and with it comes the expectation that there will be an increase in parts sharing between Mercedes-Benz and Chrysler. And there are many on the Mercedes side that aren’t too happy about it.
Chrysler’s restructuring, which will be revealed tomorrow, is said to include plans for next-generation […]

Toyota is worried that growth of its U.S. labor costs could cut into the automaker’s future profits. According to a internal high-level report, Toyota wages and benefits in the U.S. are among the highest in the auto industry and are growing faster than the company’s profit margin.
The report by Seiichi (Sean) Sudo, president of Toyota […]

Yesterday we reported that bidding for Aston Martin had closed. According to German magazine Autobild, the winner the French luxury-goods company LVMH Moet Hennessy Louis Vuitton SA. LVMH was one of the first names dropped when Ford announced that it was putting Aston Martin up for sale. LVMH’s bid for Aston beat out a list […]

After nearly doubling production from 2005, Spyker has said that it expects to post a profit for 2006. Spyker built 94 cars in 2006, up from 48 in 2005 and just short of its target of 100 vehicles.
“Spyker expects to end 2006 with a profit,” the company said in a statement. Spyker lost $1.4 million […]

Ford’s CFO Don Leclair has announced that the automaker expects its struggling Premier Automotive Group (PAG) to turn a profit this year. Ford’s PAG consists of the Volvo, Jaguar, Land Rover, and Aston Martin brands.
Ford’s PAG lost $327 million in 2006 and $1.15 billion over the past three years. While the other brands have also […]

General Motors’ January 2007 U.S. sales will be lower than in 2006 largely because of the automaker’s planned cut in sales to daily rental fleet companies. GM is planning to cut 120,000 units in sales to daily rental fleets in the first half of the year — 25 percent of those cuts will take place […]