DaimlerChrysler Sells Stake in Hyundai
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DaimlerChrysler AG said Monday it has sold its 10.5 percent stake in South Korea's Hyundai Motor Co., a move it expects will raise more than &#36;900 million.
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DaimlerChrysler AG (DCXGn.DE) is  advancing plans to sell or spin off Chrysler Group, its  struggling U.S. unit, and has already received "several  expressions of interest from around the world," the Wall Street  Journal reported on its Web site on Sunday.
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DETROIT/FRANKFURT  - DaimlerChrysler raised the prospect on Wednesday of parting ways with its loss-making U.S. Chrysler arm, a move that could unwind a blockbuster 1998 merger creating the world's fifth-biggest car maker.
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DaimlerChrysler DCXGn.DE DCX.N  boosted global car sales 2.1 percent to 3.9 million units in  2004 as a strong showing by U.S. arm Chrysler offset a dip at  flagship Mercedes Car Group, the world's fifth-biggest carmaker  said on Sunday.
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Daimler posted its first quarterly loss since 2003, with charges of $3.7 billion from the sale of Chrysler, but analysts cheered big gains by its Mercedes-Benz Car Group.
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Hyundai Motor Co , South Korea's top auto maker, said on Thursday its quarterly operating profit more than doubled, fuelled by higher sales and a softer won.
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Hyundai Motor Co (005380.KS), South  Korea's top auto maker, posted a better-than-expected 45  percent rise in quarterly profit Thursday, helped by higher  productivity due to better union relations and improved  domestic sales.
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Billionaire Kirk Kerkorian's Tracinda Corp. investment firm on Wednesday said it had sold $462 million of stock in General Motors Corp this week, cutting its stake in the automaker to 7.4 percent from 9.9 percent.
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Automaking giant DaimlerChrysler AG said Thursday it earned 951 million euros ($1.18 billion) in the third quarter on good performances from its financial services division and its U.S. Chrysler arm, rebounding from a 1.7 billion euro loss a year ago when it had a large one-time write-off.
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Shares in DaimlerChrysler (DCXGn.DE)  extended last week's rally to touch their highest level since  August 2001 on Monday amid continued speculation it could sell  or spin off loss-making U.S. arm Chrysler.
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Kirk Kerkorian said today that he was selling one-quarter of his stake in the automaker, or 14 million shares.
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Shares of DaimlerChrysler climbed yesterday after media reports that General Motors was in talks to buy the German firm's Chrysler division.
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SOUTHFIELD, Mich. -- DaimlerChrysler AG is discussing the sale of its money-losing Chrysler unit to General Motors Corp. as one of the options under consideration by the two automakers, people with knowledge of the talks said.
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FRANKFURT, Germany -- Automaker DaimlerChrysler AG said Wednesday that its second-quarter profit fell 14 percent, even as the Chrysler division and financial services business that it has sold to a private equity group posted better results.
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Private equity investors closed  in on Chrysler on Tuesday as rival automakers at the Geneva car  show displayed scant interest in DaimlerChrysler's (DCXGn.DE)  loss-making U.S. division.
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DaimlerChrysler is cash rich to the tune of USD$912 million after selling off its Hyundai Motor Co. Ltd stock yesterday. The world&#39;s ...
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Automaker DaimlerChrysler AG said Wednesday it has signed a contract with Japan&#39;s Mitsubishi Motors Corp. in which the two companies renewed their commitment to joint production and development projects.