Chrysler Group LLC still plans to shutter eight North American plants according to its initial schedule, Chief Executive Sergio Marchionne said on Thursday, as he dismissed recent reports that a Detroit-area plant would get a reprieve.
Fiat SpA (FIA.MI) will rush the first all-new Chrysler model to the U.S. market by the end of 2011 and create a new Ram brand for its truck line under a revival plan for Chrysler that will be shown to the U.S. government this week, people involved in the discussions said.
Daimler (DAIGn.DE) will hire 800 more staff for its Brazilian commercial vehicles business and keep open a U.S. truck plant as the two key markets show signs of reviving, the world's biggest truckmaker said.
Daimler's (DAIGn.DE) chief executive is sticking to the company's long-term EBIT profit margin target of 10 percent for its Mercedes-Benz Cars division but is unclear when the company will reach it, he was quoted as saying in a newspaper interview on Sunday.
The state parent of Brilliance China Automotive (1114.HK) is near a deal to make special purpose vehicles in China with Daimler AG (DAIGn.DE) and Toyota Motor (7203.T), a company source said on Friday.
The state parent of Brilliance China Automotive is near a deal to make special purpose vehicles in China with Daimler AG and Toyota Motor , a company source said on Friday.
Chinese carmakers are venturing on to the global stage with bids for Western brands from Volvo and Hummer to Saab, but there are doubts these inexperienced firms can manage the transformation such deals would bring.
Daimler's (DAIGn.DE) chief executive told German newspaper Bild that the auto maker would perform better in 2010 and was set to achieve significantly more than 4 billion euros ($5.71 billion) in savings in 2009.
Carmakers Daimler AG (DAIGn.DE) and Porsche (PSHG_p.DE) plan short working hours at plants in Germany later this year, abandoning hopes that a year-long sales swoon could reverse quickly.
Nissan Motor Co Ltd (7201.T) and Chrysler Group LLC said on Wednesday they have abandoned vehicle-supply projects announced last year that would have provided Nissan with a Chrysler-produced pickup truck.
Just two months out of bankruptcy, Chrysler Group has renewed the hunt for a manufacturing partner in China as it prepares to revamp its product lineup under the control of Italy's Fiat SpA (FIA.MI), three people with knowledge of the discussions said.
Chrysler Group LLC Deputy Chief Executive Jim Press said he plans to leave by November, ending a two-year stint at the automaker that included its slide into bankruptcy, according to two people briefed on the still-confidential discussions.
Chrysler Group LLC Deputy Chief Executive Jim Press has conveyed his plans to leave the automaker by November, according to a person briefed on the still-confidential discussion.
Chrysler Group LLC Deputy Chief Executive Jim Press will leave the automaker by the end of the year, the Wall Street Journal reported on Friday.
Creditors of Chrysler have won approval from a federal bankruptcy court to sue Daimler AG (DAIGn.DE) and pursue a claim that its 2007 sale of Chrysler stripped the U.S. automaker of its most valuable assets.
Creditors of Chrysler have asked a bankruptcy court to allow them to sue Daimler AG (DAIGn.DE), arguing that the 2007 sale of the U.S. automaker stripped it of its most valuable assets.
The state parent of Brilliance China Automotive Holdings is in talks with Daimler AG to set up a joint venture in China making special purpose vehicles, executives at the parent company, Brilliance Auto, said on Monday.
German luxury automaker Daimler released consensus-beating second-quarter results on Wednesday, but analysts are split on whether the figures signal the beginning of a turnaround for the carmaker or if its balance sheet problems will continue.
Japanese car manufacturers unexpectedly posted profits on Wednesday and Mercedes-maker Daimler forecast improving performance this year but clear signs of sustained recovery for the world's battered auto sector remained elusive.
Daimler expects a gradual improvement in the group's operating profitability in the course of this year, it said on Wednesday, after it beat expectations for an even worse second-quarter operating loss.
Japanese car manufacturers unexpectedly posted profits on Wednesday and Mercedes-maker Daimler forecast improving performance this year but clear sings of sustained recovery for the world's battered auto sector remained elusive.
Beijing Automotive Industry Holding Corp is in talks with Fujian Motor Industry Group to replace it as the local partner in a commercial vehicle tie-up with Daimler AG (DAIGn.DE) in southeast China, a source said on Tuesday.
