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The state Supreme Court affirmed a trial court's decision to award a couple $13 million in punitive damages in a wrongful death lawsuit against DaimlerChrysler Corp.
Shareholders of DaimlerChrysler AG had hoped for a decision on the sale of the money-losing Chrysler unit, or at least news on when that might happen — but got neither Wednesday at a meeting marked by simmering tension over the automaker's future.
Automaker DaimlerChrysler AG, which is about to announce a downsizing of its Chrysler unit, said Wednesday its fourth-quarter earnings plunged 40 percent on weaker demand from Chrysler.
DaimlerChrysler AG cut its 2006 operating profit forecast Friday, saying it now expects a euro1.2 billion ($1.52 billion) third-quarter loss at Chrysler — more than twice the amount anticipated. Shares in the company fell more than 5 percent.
When DaimlerChrysler AG Chairman Dieter Zetsche was getting his hair cut a few years ago in suburban Detroit, he mentioned Mercedes-Benz to the woman giving him a trim.
DaimlerChrysler AG will team with former auto racer and businessman Roger Penske to sell a funky and fuel-efficient two-seat car in the U.S. starting early in 2008, the automaker's CEO said Wednesday.
DaimlerChrysler AG's Chrysler Group on Thursday introduced its 2007 product lineup with a sculpted, technology-laden sedan as its centerpiece.
Airbus' Enders, other top executives of EADS want to sue AMFThe best defense is a good offense, a saying that seems to be taken to heart by Thomas Enders. Insider trading in EADS shares, if proven or admitted to, will finish him, so he may as well come out with all guns blazing. The evidence however, appears to be quite strong.
Here to There: Tiny WheelsA classic problem in Euclidean geometry—how to fit more cars into Manhattan—has been solved.
Carmakers Threaten to Sue over Chinese 'Copies' Carmakers BMW and DaimlerChrysler are considering suing Chinese rivals to stop them presenting new models at the International Motor Show in Frankfurt. The Chinese cars bear a striking resemblance to German designs.
Made in China, Driven in USA Chery Automobile, a feisty newcomer to global carmaking, is on the verge of becoming the first Chinese company to crack the U.S. auto market.
DaimlerChrysler Sells ChryslerDaimlerChrysler has announced that it is to sell its US subsidiary Chrysler to Cerberus Capital Management.
Is America Ready To Get Smart?DaimlerChrysler, which shelved an earlier plan to bring its Smart mini-car brand to the United States, plans to announce on Wednesday that it will introduce the tiny, two-seat vehicle to the American market early in 2008, according to several executives at the company.
China may have its eye on ChryslerWe may soon have two American and two Asian companies in NASCAR. DaimlerChrysler hasn't sold its U.S. Chrysler division yet, but indications are two more major offers could be put on the table in the next few days.
Chrysler CEO Tom LaSorda Calms Shattered Nerves of WorkersNot only has the announcement of employee cutbacks of 13,000 rattled the nerves of Chrysler employees, but the continuous rumors that come out in the media has them even more on edge as they try to figure out their futures with the company, as well as their own.
Toyota's troublesToyota Motor Corp.'s list of growing pains just got longer. With its fabled attention to detail, Toyota Motor Corp. recruited two of America's most respected stock-car drivers for its debut in NASCAR last weekend. As the first non-U.S.
Chrysler To Cut 13,000 Jobs: Daimler Group May Sell Cash-Losing ChryslerIt would appear even Chrysler cannot make money, posting a $1.4B loss, while Daimler on the whole remains profitable, posting a 5.5 billion Euro profit. Dr. Z has not ruled out the possibility of selling Chrysler.
China's Chery to provide small car for DaimlerChrysler DaimlerChrysler looks to import small cars from China's Chery Automobile Co. to add depth to the Chrysler Group's vehicle lineup.
A WiFi mesh network for your carWiFi is coming to the fast lane as European automakers like DaimlerChrysler make progress on in-car networking systems designed to make driving safer.
Chrysler to cut car prices in USChrysler has revealed plans to cut the price of every car it sells in the US by $1,000 (�531), as it aims to boost sales and turn itself around.
Airbus cancelling temp contracts in GermanyThis is a good start but is nevertheless only tinkering around the edges if it is where it stops: Airbus' permanent European workforce remains bloated and is desperately in need of trimming.
Autos to Store MP3sDaimlerChrysler is offering hard drives that can store music as part of a multimedia upgrade on several of its 2007 models, and more storage options are on the way.
In a short article from last Thursday, TheState covered an interview with oil lobby economist John Felmy.
smart Goes Electric with fortwo evStarting later this year, smart announced that it would be doing a 200 unit trial run of the pure-electric smart ev. It is to Europe what the GM EV1 was to North America; a real, mass-market production electric automobile.
Report: Smart cars coming to U.S.NEW YORK (CNNMoney.com) -- DaimlerChrysler is set to bring the fuel-efficient subcompact Smart car brand to the United States in 2007, according to a published report.
Flexcar Receives Infusion Of CashRevolution Living, the lifestyle company started by AOL co-founder Steve Case, is pumping millions more dollars into car-sharing service Flexcar and has recruited a former DaimlerChrysler AG executive as part of an effort to expand the business aggressively.
Is Smart Car Coming to the U.S.?You can see tiny Smart cars, those egg-shaped two-seaters, doubled up in parking spaces or sitting on city sidewalks all over Europe, where they have been sold since 1998. But Smart has never come to the United States.
Smart Gains Ground in Canada, Loses Everywhere ElseUnless you've been living under a rock for the past few months, you've probably heard of a book and/or movie called "The Da Vinci Code." Dealing equally with the works of Leonardo himself (Da Vinci means of the town of Vinci, after all) as well as most Christian religions …
Challenging Toyota's hybrid hegemony - Business - International Herald TribuneUS major makers get together to launch two-mode hybrid.
Dodge Updates Durango For FallWith only one sport utility vehicle currently in its range and one on the way, the Durango plays an extremely important part in Dodge's lineup. Its not-quite-full-size, not-quite-midsize dimensions give it access to consumers in these two ends of the SUV segment.
EU & US, both facing Auto Industry decline, drag China to the WTOWestern displeasure with China's economic surge and its economic practices continues to play out with the decision on Thursday that the US and EU are "double-teaming" to file a joint WTO complaint against China's Automobile industry policies.
German car giant admits to paying bribesDaimlerChrysler admitted that it had paid bribes as German prosecutors opened an investigation into the carmaker alongside an existing US probe.
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