Canadian supplier Magna International and an unnamed private equity group have placed a bid for the Chrysler Group, according to KeyBanc Capital Markets analyst Brett Hoselton. The bid for Chrysler is worth approximately $4.7 billion. Given most analysts stating that Chrysler is worth anywhere from nothing to around $13 billion, the offer may not be […]

Cerberus Capital Management, one of the two leading contenders to buy the Chrysler Group, has hired former Chrysler COO Wolfgang Bernhard as a consultant. Cerberus and private equity firm Blackstone Group have emerged as front runners in the bids for Chrysler.
As a former executive at Chrysler, Bernhard was one of the primary architects of Chrysler’s […]

DaimlerChrysler has said that all of its future vehicles will be available with an optional hybrid powertrain. DaimlerChrysler CEO Dieter Zetsche told German automotive magazine Auto Motor und Sport that hybrids are “very important” due to new European and U.S. regulations on CO2 emissions.
DaimlerChrysler’s first hybrid will be a hybrid version of the Dodge Durango, […]

In the saga that is the potential sale of the Chrysler Group, another automaker is said that it is not interested in acquiring the troubled American arm of DaimlerChrysler. Last week, China’s SAIC said it does not have any current plans for any overseas acquisitions. This announcement came in response to a Hong Kong newspaper […]

DaimlerChrysler is considering holding on to the Chrysler Group’s Jeep brand in the possible sale of the American arm of the Anglo-German company, according to German newspaper Handelsblatt. According to inside sources, DaimlerChrysler is considering splitting the Jeep brand out Chrysler and keeping it independent. Experts believe that Jeep fits well with the Mercedes brand, […]

DaimlerChrysler and BMW have announced that they are expanding their hybrid system collaboration. The two German automakers have already worked with General Motors on the development of the two-mode full hybrid system, which will debut in early 2008 on the Chevrolet Tahoe/GMC Yukon and Dodge Durango.
DaimlerChrysler and BMW will work together to develop a mild […]

The DaimlerChrysler Supervisory Board today finally signed off on the limited partnership between the Chrysler Group and Chery to develop small vehicles. Under the agreement, Chery would build vehicles to be distributed under the Chrysler brands, primarily in North America and Western Europe. While DaimlerChrysler’s press release says “the Chrysler brands,” we assume it is […]

Despite exploring an alliance with General Motors last year, Nissan-Renault is not interested in acquiring DaimlerChrysler’s Chrysler division, said a Nissan official. While Nissan-Renault is open to new partnerships, it is not looking at a new partnership right now because it is focused on its own financial woes, said a Nissan spokeswoman.
Carlos Ghosn, CEO of […]

Talks between General Motors and DaimlerChrysler about the future of the Chrysler Group are serious and have been going on for two months, according to the Detroit News. GM has been in discussions with DCX about acquiring all of the American arm and folding it into the greater GM.
The high-level talks started back in December, […]