How Daimler, Chrysler Merger Failed
by Lauren Woods. 0G0erman automaker Daimler-Benz and the American auto manufacturer Chrysler Group merged in 1998 for a $36 billion consideration. Now, Daimler is selling its American luxury brand for just $7.4 billion. What went awfully wrong?Automotive records re...
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Chrysler to Expand Global Ties
by Lauren Woods. Cut loose from its German parent DaimlerChrysler AG, the Chrysler Group intends to widen its global ties by establishing more international partnerships. The recuperating company will also push hard to slash long-term health care liabilities in fort...
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Dale Jr. Penalized, Crew Chief Suspended
by Lauren Woods. After announcing that he will be leaving the team that his late father founded, Dale Earnhardt Junior made news. In fact, the most recent Nextel Cup race was overshadowed by Dale Jr.'s announcement. With the motorsport community buzzing after that...
$7.4 Billion Sale of Chrysler to Cerberus
by Dwyane Thomas. Chrysler CEO Tom LaSorda and DCX CEO Dieter Zetsche went to Auburn Hills for a meeting that will discuss the selling of the $7.4 billion sale of Chrysler to Cerberus Capital Management, a private-equity firm. This will dissolve the 1998 merger whic...
Profit, Impending Sale for Daimlerchrysler
by Dwyane Thomas. The world's fifth-largest car manufacturer, DaimlerChrysler AG, is expected to report a net profit of four times more than the first quarter. At the same time, Chrysler Group seems to announce a painful loss regarding future sales. Based on the revi...
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Nissans New Tech Center Opened
by RyanThomas. In the race to produce green vehicles, Nissan is lagging behind its fellow Japanese firms Honda and Toyota. These two car companies are already enjoying success in the United States auto market in terms of the sale of their hybrid vehicles. The To...
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Daimlerchryslers Corporate Divorce
by Dwyane Thomas. After nine years of unprofitable merger DaimlerChrysler has finally decided to end their partnership. Daimler-Benz and Chrysler have signed their divorce papers last Monday in an auditorium at an aging Mercedes-Benz factory. The split up was deemed ...
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Dcx to Sell Chrysler for $7.4b
by Mike Bartley. The DaimlerChrysler AG said Monday that it will sell 80.1 percent of its American luxury arm Chrysler Group to private equity firm Cerberus Capital Management LP for $7.4 billion. The deal is aimed at unwinding a troubled 1998 merger that was primar...
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Mercedes R-class Suv Tourer Revitalized
by Dwyane Thomas. Mercedes Benz offers several attractive enhancements on its R-Class SUV Tourer. The most attractive among the many innovations is the new seating arrangement. The R-Class line up was added with a five-seat variant and a seven-seat version. All of th...
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Mercedes Cl 65 Amg: in Depth
by Dwyane Thomas. One of Mercedes Benz's greatest offers this year is the CL 65 AMG. The car has a twelve-cylinder bi-turbo engine that features the most recent technology from the motor sport world. IT is also guaranteed that this latest offing from Mercedes Benz wi...
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Mercedes-benz Spicing Up Its R-class Lineup
by Dwyane Thomas. It can be remembered that Mercedes-Benz has launched its much-awaited line of crossover the R-Class touring vehicle in North America for model year 2006. Unfortunately it didn't turned out the way the automaker expected it would as a matter of fact ...
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Prius Named Best-loved Car
by Mike Bartley. In the United States, it cannot be denied that the fuel miser Toyota Prius is very popular. In Europe, it seems that clean diesel technology has the edge over hybrid technology in popularity. When it comes to satisfying the needs of drivers in th...
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Mercedes-benz R-class: Made Even Better
by Dwyane Thomas. The new Mercedes-Benz R-Class is not only offering new interior features but is sporting a makeover look that is distinguished by its highly distinctive body styling package at the front and rear, 18-inch light-alloy wheels, and circular fog lamps o...
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