63 Articles
Report
Daimler buying 12% stake in Beijing Auto

Daimler and Beijing Automotive are officially going steady, with the German company set to take a 12-percent stake in the Chinese brand tomorrow. The two are already tied up in a Mercedes engine plant in Beijing, of which BAIC will increase its stake in, from 50 to 51 percent. Daimler will also get two seats on the Chinese company's board. BAIC may also gain the ability to produce c

Chrysler Shares Could Soon Be On The Market

The automaker will either be traded or fully merged with Fiat

Chrysler and Fiat CEO Sergio Marchionne is nothing if not cagey. When the CEO out-maneuvered the White House in 2009 to strike a great deal to take-over Chrysler with U.S. government loans, it was considered a forgone conclusion that he would eventually take the company public in an initial-public offering. Now, the CEO says an ipo is merely 50-50.

Report: Daimler, Renault-Nissan alliance could be announced Wednesday

According to an unknown source speaking to Reuters, the Renault board of directors has called an extraordinary meeting on Tuesday, April 6th, to discuss plans to enter into an agreement with German automaker Daimler. As was the case when Renault teamed up with Japanese automaker Nissan, there will reportedly be an exchange of stock, but not nearly at the same level as Renault's 44-percent stake in Nissan.

Report: Daimler, Renault-Nissan alliance could be announced Wednesday

According to an unnamed source speaking to Reuters, the Renault board of directors has called an extraordinary meeting on Tuesday, April 6th, to discuss plans to enter into an agreement with German automaker Daimler. As was the case when Renault teamed up with Japanese automaker Nissan, there will reportedly be an exchange of stock, but not nearly at the same level as Renault's 44-percent stake in Nissan.

/ 4