Archive for 'Daimler'
Mercedes-Benz to take Sprinter away from Dodge by Jan. 1
Continuing their rough breakup from about two years ago, Chrysler and Daimler are still going back and forth at each other. Chrysler Financial and Chrysler Group LLC, both recently filed a lawsuit against the German automaker group. Daimler is now making its own move by taking away the Dodge Sprinter vans away from the Auburn [...]
Continue Reading
Chrysler suing Daimler over parts supplies for 2010, Challenger production on hold
After charging Daimler AG with fraud, creditors of the old Chrysler filed a 31 page lawsuit last week claiming Daimler diverted billions of dollars from Chrysler by separating their financial division before the sale of 80.1% of the company to Cerberus Capital Management, two years ago.
It is now reported that Chrysler Group LLC is also suing [...]
Continue Reading
Smart ForTwo electric-drive enters production in Nov. 2009
Daimler announced today that starting November 2009, the Smart ForTwo electric-drive will start rolling off the production line at the company’s factory in Hambach, France.
Power comes from a 40-hp electric-motor fitted at the rear with a peak torque of 89 lb-ft. 0 to 37 mph comes in 6.5 seconds with a top speed of 62 [...]
Continue Reading
Chrysler accuses Daimler of diverting billions
Creditors of the old Chrysler have charged Daimler AG with fraud, in a 31 page lawsuit filed Monday in Federal Bankruptcy Court in New York. The suit claims Daimler fraudulently diverted billions of dollars from Chrysler by separating their financial division, known as Chrysler Financial, from the parent company only days before the sale [...]
Continue Reading
Chrysler creditors get approval to sue Daimler
Crediors of Chrysler who recently petitioned for approval to sue German automaker Daimler AG, on the claim that they stripped the U.S. company of most of its assets before they sold it, have been given the green light according to Reuters. Judge Arthur Gonzalez, the same judge who presided over Chrysler’s bankruptcy gave the go [...]
Continue Reading
Chrysler looking for approval to sue Daimler
Chrysler is once again the focus of a case in front of bankruptcy court judge, Arthur Gonzalez. A hearing has been scheduled by Gonzalez for Aug 13, on the request of certain creditors of Chrysler’s, who seek to sue Daimler AG. The group of creditors claims that Daimler’s 2007 sale of the company [...]
Continue Reading
Daimler sells part of Tesla Motors stake to Abu Dhabi
Daimler AG recently acquired an equity stake of 10 percent in Tesla Motors in a deal that would integrate Tesla’s lithium-ion battery packs into 1,000 units of the electric Smart ForTwo. According to report by Bloomberg, the German automaker is now selling a portion of its stake in Tesla to Abu Dhabi’s Aabar Investments PJSC.
Aabar will [...]
Continue Reading
Report: Daimler in advanced talks to buy stake in Porsche
The Porsche/Volkswagen merger process hasn’t been an easy one. To make things a little more interesting, a German magazine is reporting that Daimler AG is in advanced talks to buy a stake in Porsche. Citing financial resources, manager-magazin.de reported that the Daimler CEO Dieter Zetsche and Porsche CEO Wendelin Weideking have already discussed the potential [...]
Continue Reading
What does Daimler’s 10% stake in Tesla Motors mean for the Model S sedan?
As many of you know by now, Daimler AG has acquired a 10 percent stake in Tesla Motors. During the press conference earlier this morning, Tesla Motors CEO Elon Musk said that his company is “looking forward to a strategic cooperation in a number of areas including leveraging Daimler’s engineering, production and supply chain expertise. [...]
Continue Reading
Daimler AG acquires nearly 10 percent stake in Tesla
Daimler AG announced today that it has acquired an equity stake of nearly 10 percent in Tesla Motors, which strengthens their already existing relationship. The two companies have already been working on integrating Tesla’s lithium-ion battery packs into 1,000 units of the electric Smart ForTwo. The 1,000 units of the second-generation Smart ForTwo with electric-drive will [...]
Continue Reading
-
2010 Acura ZDX prices start at $45,495
-
Ford leads 2010 IIHS Top Safety Pick list with 6, Toyota doesn’t cut it
-
2010 BMW 550i Gran Turismo prices start at $63,900 (w/ new images)
-
BREAKING: Bob Lutz confirms Cadillac CTS-V Sport Wagon
-
2010 Lotus Evora prices start at $73,500
-
GM loses $1.2 billion in 3rd quarter, speeds repayment of U.S. loans
-
First Drive: Test-driving the new Nissan LEAF EV… sort of
-
Review: 2009 Infiniti G37 S Convertible, drop the top and enjoy the sound
-
Review: 2010 Buick LaCrosse CXS, no longer your daddy’s car
-
Review: 2010 GMC Terrain shows how GMC is evolving
-
Review: 2010 Ford Fusion Hybrid, look here for impressive fuel-efficiency numbers
-
Review: 2010 Lincoln MKS EcoBoost, high-performance can be economical
-
Review: 2010 Ford Taurus SHO – It’s SHOw Time
Recent Comments