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Daimler agrees to give up remaining stake in Chrysler

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 Chrysler. According to Daimler's release, the company's 19.9% stake in Chrysler will be redeemed and Daimler write off a $1.5 billion loan which will help (if it can) avoid putting Chrysler into bankruptcy and facilitate the automaker's deal with Fiat. The agreement is likely to reduce Daimler's second-quarter earnings (before interest and taxes) by ... Read more →

eBay Find of the Day: VW Toaster Van Dan Roth

click above image for more pics of the VW Toaster Van You're supposed to get baked in the VW bus, not toasted, but whatever. Volkswagen originally had these promotional toasters done up for its ...

Don't let the door hitcha? - Investors call for spin-off of Chrysler Dan Roth

There have been rumblings of late in the halls of Stuttgart that the boys in Auburn Hills are an albatross around the neck of DCX. Dieter Zetsche and company are reportedly in it for the long haul ...

Daimler agrees to give up remaining stake in Chrysler 6 months ago on Autoblog

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 Chrysler. According to Daimler's release, the company's 19.9% stake in Chrysler will be redeemed and ...

eBay Find of the Day: VW Toaster Van 1 year ago on Autoblog

click above image for more pics of the VW Toaster Van You're supposed to get baked in the VW bus, not toasted, but whatever. Volkswagen originally had these promotional toasters done up for its Japanese operation. Buy a new VW or bring your VeeDub in for an inspection, get a toaster. While supplies ...

Don't let the door hitcha? - Investors call for spin-off of Chrysler 2 years ago on Autoblog

There have been rumblings of late in the halls of Stuttgart that the boys in Auburn Hills are an albatross around the neck of DCX. Dieter Zetsche and company are reportedly in it for the long haul and fighting the good fight for Chrysler, but investors cite thin patience while waiting for a profit. ...






Autoblog Podcast #152: Paukert Enhanced!

Chris Paukert joins the usual crew of Chris, Sam, and Dan, summarily classing up the joint.

 
 

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