DaimlerChrysler Invests $210 million in Mexican plant
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MEXICO CITY (Dow Jones/AP) -- DaimlerChrysler AG said Thursday it plans to spend $210 million to update one of its assembly plants in the northern Mexican state of Coahuila.
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DaimlerChrysler will spend up to 7.5 billion euros ($10.20 billion) to buy back nearly 10 percent of its shares, the carmaker said after reporting quarterly profit in line with market expectations.
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US-German auto group DaimlerChrysler will begin building trucks in China next year and commercial vans in 2006, the president of the company's trucks division said.
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DaimlerChrysler AG's (DCXGn.DE)   U.S. head of product development said on Wednesday that the  German-American carmaker's Detroit and Stuttgart-based units  plan to share more components and platforms -- and one day  could be building their vehicles in common plants.
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Infineon, a No.2 chip producing company in Europe, has decided to expand its automotive and industrial chip division by investing $1billion in a new plant in Malaysia.
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DETROIT/FRANKFURT  - DaimlerChrysler said on Wednesday it would cut 13,000 jobs at its Chrysler operation in North America and indicated it could sell or spin off the money-losing unit, which would unwind a troubled 9-year-old merger between Chrysler and Mercedes.
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Mexico expects to double automobile capacity in 10 years, attracting investment of as much as $10 billion from foreign automakers, Economy Minister Fernando Canales said in an interview.
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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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German-US auto giant DaimlerChrysler said it planned to axe 13,000 jobs at its loss-making Chrysler subsidiary as part of a broad restructuring plan aimed at returning the US unit to profitability by 2008.
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Toyota Motor Corp., the world&#39;s biggest carmaker by value, will invest 3.8 billion yuan ($461 million) with its partner Guangzhou Automobile Group to boost manufacturing capacity in
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DaimlerChrysler said Tuesday that strong demand should create some 4,000 new jobs in its commercial vehicles division by the end of the year &#151; including 3,000 jobs in Portland, Ore.
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Dubai's investment in DaimlerChrysler appears to be about more than the automaker's long-term prospects.
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Chryslerâs deal with the Chinese automaker, Chery, is the first attempt by a U.S. automaker to use China as a manufacturing base for world markets.
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DaimlerChrysler AG's   U.S. head of product development said on Wednesday that the German-American carmaker's Detroit and Stuttgart-based units plan to share more components and platforms -- and one day could be building their vehicles in common plants.
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Anglo-Australian mining group Rio Tinto said on Tuesday that it planned to invest 1.8 billion dollars (1.3 billion euros) to expand its aluminium plant in the northeastern Australian state of Queensland.
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Toyota, Japan's biggest automaker, plans to invest some 100 billion yen ($830 million) to build a sport utility vehicle plant in Mississippi, the Nikkei business daily said on Tuesday.
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Toyota, Japan's biggest automaker, plans  to invest some 100 billion yen ($830 million) to build a sport  utility vehicle plant in Mississippi, the Nikkei business daily  said on Tuesday.