Chrysler talk sends Daimler to 5-1/2-year high
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FRANKFURT/DETROIT  - DaimlerChrysler AG  shares rose more than 4 percent to 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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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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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose and a year-earlier write-off wasn&#39;t repeated.
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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as earnings growth at the Chrysler division offset a decline at the Mercedes Car Group and a year-earlier write-off wasn&#39;t repeated.
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German carmaker DaimlerChrysler AG on Wednesday said its total US vehicle sales grew 1.6 percent in October, with a slight rise in sales of Chrysler Group vehicles offset by waning demand at the Mercedes-Benz group.
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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 AG said on Sunday that its global car sales for 2004 rose 2.1 percent to 3.9 million units.
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Chrysler Group Chief Executive Tom LaSorda has told employees of the struggling automaker that it might take months before questions about a possible sale of the unit of DaimlerChrysler AG  could be answered.
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Shares in DaimlerChrysler  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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DaimlerChrysler (DCXGn.DE) is looking  towards a rosy future after the sale of its U.S. arm Chrysler,  the car maker&#39;s chief executive told a German newspaper.
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The disclosure that DaimlerChrysler might sell or spin off its Chrysler unit has put the spring back into its stock.
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Chrysler LLC on Friday called recent media reports about its financial picture inaccurate, saying the auto maker is exceeding most financial targets heading into 2008.
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German carmaker Daimler  aims for higher growth and to be one of the world's most profitable car manufacturers, its chief executive told workers in a letter, Frankfurter Allgemeine Sonntagszeitung reported.
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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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The Chrysler Group, the North American arm of DaimlerChrysler AG, continued on its hot streak last month as the only domestic automaker with increasing US sales.
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DaimlerChrysler generated 2nd-quarter earnings before interest and tax of 2.13 billion euros ($2.90 billion), the German carmaker said, in line with market expectations.
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Chrysler Group Chief Executive Tom  LaSorda on Friday said that the closing of a $7.4-billion deal  for the acquisition of a majority interest in the automaker  from German parent DaimlerChrysler AG (DCXGn.DE) is &quot;very, very  close.&quot;