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    Now-famous Schumacher taxi for sale
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    We just can't get enough of this saga. First, Michael Schumacher, family in tow, commandeers a taxi to get to the airport. Then the local police decide to launch an investigation into the purported violation of Germany's Personnel Transport Act. Now the cab driver, a hundred euros richer thanks to ...

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    France family will not sell NASCAR
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    Nothing is better at propagating a rumor like a nasty social disease than the internet, and the France family just got a lesson. A report surfaced in Europe that an investment firm based there was investigating the potential purchase of NASCAR. Brian France, chairman of NASCAR, dismissed the report ...

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    Mahindra & Jaguar? Not this time, one Indian bidder drops out
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    At least one of the bidders in the race to buy Jaguar and Land Rover has dropped out of the competition. Indian manufacturer Mahindra & Mahindra apparently couldn't get the guarantees they wanted regarding powertrain supplies. With new limits on CO2 emissions expected to be enacted in the EU ...

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    Mixed message: JD Power now reports hybrids will have record year
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    A couple weeks ago, J.D. Power released its Alternative Powertrain Study, which found that hybrid consideration among new car buyers is slipping, while interest in diesels is growing. Today J.D. Power released its 2007 U.S. Hybrid Vehicle Forecast Second Quarter Update, which projects that hybrid ...

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    A Swedish solution for taking Volvo off Ford's hands
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    Ford: "Volvo's not for sale." BMW: "You sure?"Ford: "Volvo's not for sale." Cerberus: "You sure?"Ford: "Volvos' not for sale." And so it goes. Another week, another rumor of a possible Volvo suitor. Ford's staked a lot of their future on Volvo technology, so it's understandable that of all the PAG ...

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    RE: buhbye - Zetsche bids farewell to Chrysler employees via e-mail
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    Looking to exit, stage left on a melodious note, Doc Zee has bid the Chrysler team a semi-farewell via email. The message was a polite "thank you," instead of the possibly more appropriate "thanks for letting us swoop in from Stuttgart, blast through your cash and let your product line languish." ...

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    eBay Find of the Day: "Rambo Lambo" LM002
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    The terms "exotic" and "SUV" seldom go together. With few exceptions, the closest you might get is the Porsche Cayenne, or in reference to the rig you use to tow your supercar from track to concours. One notable exception is the Lamborghini LM002. Nicknamed the "Rambo Lambo", it bridged the gap ...

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    REPORT: Up to six bidders vying for Jaguar and Land Rover
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    Up to six different potential buyers are expected to place bids for the Jaguar and Land Rover brands when the auction for the British automakers gets underway later today. In the running are private equity firms Cerberus, Ripplewood Holdings and One Equity Partners, plus new entrants Tata Motors ...

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    India's Tata Motors interested in Jaguar and Land Rover
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    It doesn't seem that anyone else has shown interest in Jaguar or Land Rover – some rumored suitors have outright denied any interest – but Indian industry giant Ratan Tata is contemplating adding the luxury marques to his Tata Motors unit. Tata has set his advisory bloodhounds after the ...

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    Sale of Chrysler will cost DCX $673m
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    In the history of big business, few mergers and takeovers can hold a candle to the $36 billion "merger of equals" that Daimler pulled off in 1998. When the dust settled, DCX stock was up in the stratosphere, and German executives were hailed as conquering heroes. Only nine years later, the folks ...

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    Volvo says it won't be building in North America
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    There have been periodic rumors of a United States assembly plant for Volvo cars since at least the early 1980s. There was a North American construction arm of the Swedish carmaker, situated in Nova Scotia, but that plant has been shuttered for several years now. Volvo CEO Fredrik Arp has told ...

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    Jurgen Schrempp could make $134 million from the sale of Chrysler
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    Jurgen Schrempp was a visionary. He didn't pull off his vision of massive synergies and massive profits for DaimlerChrysler. He did, though, manage to conjure and pull off the vision of massive profits for himself. In spite of a $36 billion dollar "merger" that turned almost immediately into a ...

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    Chrysler Corp. gives CAW written guarantee jobs are safe
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    You didn't want to cross paths with Canadian Auto Workers President Buzz Hargrove on Monday after he found out that Chrysler had been sold to the private equity firm Cerberus Capital Management. The CAW prez was absolutely livid, pissed even, that the CAW was never consulted, not even informally, ...

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    Autoblog Podcast #66
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    The last couple of days, we've all been inundated with news of Chrysler's sale to Cerberus, and that's what we lead Podcast #66 with. As much as it makes analysts and pundits foam at the mouth, news about the sale is a pretty dry affair. We'll be keeping an eye on how things go with the newly ...

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    LaSorda speaks: We're not breaking up the band!
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    The newly minted Chrysler Corp. held its first press conference today and carryover CEO Tom LaSorda made it clear that all of Chrysler's brands will be kept together after the sale to Cerberus Capital Management goes through. Many have been wondering if Cerberus would pull an Edward Lewis à ...

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    Cerberus buying Chrysler for $7.4 billion
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    We've already reported on the forthcoming sale of Chrysler to Cerberus Capital Management, but until now, all the cited reports were mum on price. The New York Times has that figure and it's a cool $7.4 billion. A press conference to announce the deal is expected in about three hours, at 8 AM ...

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    Magna may get financial aid from Russian firm to buy Chrysler
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    Magna International, along with fellow Canadian company Onyx Corp., has a bid in for a stake in Chrysler, and now additional funds may be coming from Russia. Edmunds' Auto Observer is reporting that Russian billionaire Oleg Deripaska is ponying up $1.54 billion to expand Magna into Eastern Europe, ...

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    Ford considering selling its Arizona proving ground
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    Following on the heels of General Motors selling its Mesa, Arizona Desert Proving Ground, Ford has decided to look at doing the same with its own Arizona facility. The Arizona Proving Ground located near Lake Havasu is a 3,700 acre facility that employs 200 permanent staff in addition to Ford ...

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    Magna may be the only serious bidder for Chrysler
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    In spite of the non-discrete presence of Wolfgang Bernhard around Chrysler headquarters in Auburn Hills last week, a German paper seems to think that only Magna is really serious about taking over the company. Automobilwoche reports that Cerberus, of which Bernhard is part of the team, and the ...

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    Job cuts possibly looming at Jaguar
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    Mulally himself has recently stated that Ford is behind Jaguar, that Ford has no plans to sell Jaguar, and that Ford continues to invest in Jag because the leaping cat is part of the Way Forward Plan. Ford's reduced first quarter loss came with the help of a 36% improvement in profitability within ...

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