Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Daimler agrees to give up remaining stake in Chrysler]]>http://www.autoblog.com/2009/04/27/daimler-agrees-to-give-up-remaining-stake-in-chrysler/http://www.autoblog.com/2009/04/27/daimler-agrees-to-give-up-remaining-stake-in-chrysler/http://www.autoblog.com/2009/04/27/daimler-agrees-to-give-up-remaining-stake-in-chrysler/#commentsFiled under: , ,



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 around $700 million, however, the German giant had already written down its stake in Chrysler last year. The agreement also includes Daimler paying $200 million into Chrysler's pension plans once the agreements are definitive, and another $200 million each year until 2011. All the gritty details are available in the press release below the fold.

[Image: Bill Pugliano/Getty]

Continue reading Daimler agrees to give up remaining stake in Chrysler

Daimler agrees to give up remaining stake in Chrysler originally appeared on Autoblog on Mon, 27 Apr 2009 18:32:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>19.9chryslerdaimlersharesplitstakestockMon, 27 Apr 2009 18:32:00 EST<![CDATA[eBay Find of the Day: VW Toaster Van]]>http://www.autoblog.com/2007/11/20/ebay-find-of-the-day-vw-toaster-van/http://www.autoblog.com/2007/11/20/ebay-find-of-the-day-vw-toaster-van/http://www.autoblog.com/2007/11/20/ebay-find-of-the-day-vw-toaster-van/#commentsFiled under: , , , ,


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 last, of course. There were only 5,000 produced, and fans of splitties and air-cooled VWs in general are rightfully nutso for them. We're not sure if the 100-volt wiring for the Japanese consumer will be okay on the slightly higher voltage here in the US, but if you torch your house after spending at least $250 on the toaster, please don't hold us responsible. Just in time for Christmas, the ultimate culinary delight for Volkswagen fans. What better way to augment a nice Frühstück of Hazelnussomeletten than with some VW-logo toast?

[Source: eBay via GermanCarScene.com]

Gallery: VW Split Window Bus toaster

eBay Find of the Day: VW Toaster Van originally appeared on Autoblog on Tue, 20 Nov 2007 18:38:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>auctionbusebayhippiesplitsplit windowsplittieSplitWindowtoastervanvolkswagenvw toasterVwToasterTue, 20 Nov 2007 18:38:00 EST<![CDATA[Don't let the door hitcha? - Investors call for spin-off of Chrysler]]>http://www.autoblog.com/2006/11/29/dont-let-the-door-hitcha-investors-call-for-spin-off-of-chry/http://www.autoblog.com/2006/11/29/dont-let-the-door-hitcha-investors-call-for-spin-off-of-chry/http://www.autoblog.com/2006/11/29/dont-let-the-door-hitcha-investors-call-for-spin-off-of-chry/#commentsFiled under: , ,



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. Rumors of potential suitors waiting in the wings abound, but it seems that the real problem would be salability due to large pension commitments. Some have gone as far as speculating that even if Chrysler were to be put on the block, nobody would buy them. Of course, some of this situation seems to have been brought on by feeble cross-pollination, far below what was bandied about at the time of the 1998 merger. Sure, Chrysler got the old E Class platform to go play with, and the first-gen SLK is holding up the Crossfire, but there hasn't been any technology transfer from the smaller Mercedes vehicles to help DCX build a small car that's killer, or from their world-class truck division. One wonders if Chrysler's actually in the worst shape of the big three, but hiding it well. Are we in for a replay of the early '80s?

[Source: Reuters via Automotive News - Sub. Required]

Don't let the door hitcha? - Investors call for spin-off of Chrysler originally appeared on Autoblog on Wed, 29 Nov 2006 08:35:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>ChryslerDaimler ChryslerDaimlerChryslerDr. ZDr.ZlosspensionssplitZetscheWed, 29 Nov 2006 08:35:00 EST