Automotive News continues to insist that General Motors is in talks with DaimlerChrysler about the possible buyout of the Chrysler Group. Inside sources in both the U.S. and Germany claim that GM is interested, and that high-level talks are taking place between executives.
GM spokesman Tony Cervone wouldn’t comment, but said, “We have always said that […]

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 […]

While facing the same automobile weight challenge as other automakers, DaimlerChrysler is looking to address the overall weight gain in its vehicles.
According to Thomas Weber, DaimlerChrysler’s board member in charge of group research and development, vehicle weight has grown between one-half of 1 percent and 1 percent per year. And said that DCX wants to […]

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 […]

DaimlerChrysler’s Chrysler Group will announce a restructuring plan tomorrow. Called “Project X”, the plan is focused on returning the U.S-based arm of the German/America company to profitability. According to reports, Chrysler plans to cut more than 10,000 assembly jobs and will close at least two plants. The plan — similar to those of GM and […]

Today in his keynote speech at the Washington Auto Show, DaimlerChrysler’s CEO Dieter Zetsche encouraged U.S. lawmakers to support a diversity of approaches to reducing dependence on foreign oil. Zetsche cautioned against policies that favor hybrids over other fuel-saving technologies, pointing out the new generation of BLUETEC clean diesels.
“What we need to avoid in this […]

DaimlerChrysler will pay $1.2 million in civil penalties to settle allegations that its Mercedes division failed to notify the EPA about faulty air pollution controls in vehicles. The EPA said Mercedes failed to promptly notify it about air pollution control defects installed on several models from 1998-2006 model years.
After EPA initiated its investigation of this […]