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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 →
Porsche doesn't plan to take over VW... yet Noah Joseph
The latest in Porsche-Volkswagen relations is that the sports car maker has contingencies in place to raise its stake in the VW Group, but at this point is not planning an outright takeover. As you ...
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 ...
DaimlerChrysler buys Chinese commercial truck company John Neff
China is the fastest growing market in the world and it's gobbling up autos at a prodigious rate. Every global automaker wants a piece of the pie and the one's that moved quick and early to enter the ...
Kerkorian cuts stake in General Motors John Neff
Billionaire investor Kirk Kerkorian announced today that his investment firm Tracinda Corp. had cut its stake in General Motors from 9.9 by selling $462 million worth of the automaker's stock. That ...
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BMW defies logic with six-cylinder Concept 6 motorcycle
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Geneva:
Lookin' Swede: Volvo reveals Geneva-bound 2010 S60 sedan
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Green:
REPORT: GM will build Cadillac Converj
Breaking news:
Toyota buys 5.9% of Isuzu 3 years ago on Autoblog
Toyota announced today that it will spend $373 million on a deal with Isuzu that will transfer 5.9% of the truck- and diesel-maker to the giant Japanese automaker. Toyota's goal in purchasing a stake in Isuzu is to bolster its diesel portfolio, which apparently lags behind other major automakers ...
Autoblog Podcast #152: Paukert Enhanced!
Eddie Alterman wades in with Sam, Chris, Dan, and Jonny to talk about SEMA and other recent events.
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Autoblog bloggers (30 days)
| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Jonathon Ramsey | 114 | 0 |
| 2 | Noah Joseph | 101 | 0 |
| 3 | Jeremy Korzeniewski | 94 | 3 |
| 4 | Jonny Lieberman | 82 | 0 |
| 5 | Chris Shunk | 63 | 2 |
| 6 | Sam Abuelsamid | 56 | 2 |
| 7 | Frank Filipponio | 51 | 9 |
| 8 | Drew Phillips | 48 | 0 |
| 9 | Damon Lavrinc | 47 | 8 |
| 10 | John Neff | 35 | 1 |
| 11 | Sebastian Blanco | 29 | 0 |
| 12 | Chris Paukert | 19 | 0 |
| 13 | Dan Roth | 19 | 7 |
| 14 | Michael Harley | 14 | 18 |
| 15 | Alex Nunez | 13 | 12 |
| 16 | Tim Stevens | 4 | 0 |
| 17 | John McElroy | 2 | 0 |
| 18 | Merritt Johnson | 1 | 3 |
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