DaimlerChrysler Sells Hyundai Stake
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Automaker DaimlerChrysler AG said Monday it has sold its 10.5 percent stake in South Korea's Hyundai Motors Co., a move that it expects will raise more than &#36;900 million.
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German-U.S. automaker DaimlerChrysler AG said Monday it has sold its 10.5 percent stake in South Korea's Hyundai Motors Co., a move that it expects will raise more than $900 million.
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South Korea's Hyundai Motor Co. raised on Friday its 2005 sales target by 14 percent to 2.58 million vehicles, targeting overseas markets as part of its ambition to become one of the world's top five auto makers.
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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 , 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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DaimlerChrysler AG  is considering taking a minority stake in General Motors Corp.  as payment for Chrysler if a deal between the two automakers takes place, the Financial Times said on Monday.
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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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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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European shares moved higher on Monday, with DaimlerChrysler (NYSE:DCX) leading the carmakers after reports it was in talks with General Motors (NYSE:GM) and other potential suitors over the sale of its US Chrysler division.
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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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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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VANCE, Ala.  - Cerberus Capital Management LP  is on track to conclude its $7.4 billion acquisition of Chrysler Group, DaimlerChrysler Chief Executive Dieter Zetsche said on Wednesday.
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SEOUL - Hyundai Motor Co, South Korea&#39;s largest carmaker, said Wednesday it will build a commercial vehicle joint venture in China by 2010.
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Shares of DaimlerChrysler AG fell yesterday after Nissan officials said the Renault-Nissan auto alliance is not interested in buying the German-American automaker's money-losing Chrysler division.
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FRANKFURT, Germany -- Automaker Daimler AG posted its first quarterly loss since 2003, with charges of $3.7 billion from the sale of Chrysler offsetting big gains by its Mercedes-Benz Car Group.
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DaimlerChrysler (DCXGn.DE)  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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Automaking giant DaimlerChrysler AG said Thursday it earned nearly $1.2 billion US in the third quarter on good performances from its financial services division and its US Chrysler arm, rebounding from a big loss a year ago when it had a