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Fiat could take majority control of Chrysler as early as 2013

We all know by now that Fiat will take an initial 20% stake in Chrysler in exchange for supplying the bankrupt automaker small-car platforms and fuel efficient drivetrains. Further down the road, Fiat will have the opportunity to purchase a large stake in Chrysler, upping its ownership to 35% and between 2013 and 2016, the Italian automaker can take an additional 16% share of Chrysler, bringing its total to 51% and gaining majority control. However, until Chrysler repays its loans to the U.S. Treasury, Fiat's share must be kept at 49%. For ... Read more →

Daimler agrees to give up remaining stake in Chrysler Damon Lavrinc

Hot on the heels of the Chrysler's tentative deal with the UAW to cut the automaker's VEBA obligations, Daimler AG has announced it's finally reached an agreement to unload its remaining stake in ...

Mercedes going solo for new A and B-Classes Noah Joseph

Mercedes' small cars, the A-Class and B-Class, have not been the runaway success that the German automaker had hoped they would be, partially due to high costs of production that drove retail prices ...

Porsche proposes to Volkswagen Noah Joseph

It's official, Porsche has submitted an offer to buy the Volkswagen group. Unless you've been living in a cave, you probably already know that the erstwhile sportscar manufacturer is more profitable ...

Upcoming Alfa and Maserati sedans to share platform Noah Joseph

Alfa Romeo's flagship 169 sedan is scheduled to replace the ageing 166 in 2009, but conflicting speculation has suggested that the luxury sedan could be based on either a stretched 159 chassis or on ...

BREAKING: York quits GM board, Kerkorian won't buy more GM stock 3 years ago on Autoblog

"Screw you guys, I'm going home." A phrase made famous by Cartman from South Park but one that we find so apt for news coming out of General Motors this afternoon. Royally irked over the ending of alliance talks with Renault/Nissan, billionaire investor Kirk Kerkorian has announced that he won't buy ...

GM shares rise 10% on raised rating 3 years ago on Autoblog

Yesterday the price of GM stock was up $1.05 or 4.46 percent on news that Deutsche Bank analyst Rod Lache had raised his rating on the stock up to "hold" from "sell". Why the change of heart? Monday's announcement that GM had broke a five-quarter losing streak with a Q1 2006 earning of $445 million ...






Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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