German call for Chrysler spin-off
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Investment firm DWS calls for DaimlerChrysler to consider disposal of the firm's US Chrysler unit.
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The chief executive of DaimlerChrysler  (DCXGn.DE), Dieter Zetsche, said it would be difficult to break  up Chrysler, as analysts and other experts have speculated  recently, due to an integrated production system that binds  together its various brands, The New York Times said.
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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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NEW YORK/DETROIT  - General Motors Corp. is in preliminary talks to buy Chrysler, the struggling U.S. arm of DaimlerChrysler AG, a source familiar with the situation said on Friday.
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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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DaimlerChrysler  is looking towards a rosy future after the sale of its U.S. arm Chrysler, the car maker's chief executive told a German newspaper.
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Europe&#39;s biggest carmaker said 30,000 jobs could be cut in Germany if unions do not agree to cost-cutting plans. Volkswagen is pushing for a wage freeze and more flexibility in working hours to counteract falling sales.
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Volkswagen , the world&#39;s  fourth-largest carmaker, is considering building a new North  American factory if the dollar stays weak, Chief Executive  Martin Winterkorn said in an interview with German magazine  Focus.
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DaimlerChrysler's loss-making Chrysler division will close two manufacturing plants in the third quarter of 2008 in an effort to boost capacity utilization and stem costs, a German magazine reported.
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Investment banks helping Cerberus  Capital Management LP finance its buyout of Chrysler, the U.S.  arm of automaker DaimlerChrysler (DCXGn.DE), will launch a road  show in the next week to raise funds for the deal, according to  a report in the Wall Street Journal, citing a source familiar  with the matter.
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Buyout firm Cerberus Capital Management LP  has hired Chrysler's former chief operating officer to advise it on a possible bid for the U.S. carmaker, a source familiar with the matter said on Wednesday.
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DaimlerChrysler raised the prospect of parting company with its loss-making U.S. Chrysler arm on Wednesday, a move which could unwind a blockbusting 1998 merger creating the world's No. 5 car maker.
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TRW Automotive Holdings  is  thinking about making a bid for the automotive engineering unit  of Germany's Siemens, the Financial Times reported on Tuesday,  citing three people involved in the bidding process.
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STUTTGART, Germany  - DaimlerChrysler's DCXGn.DE   U.S. arm Chrysler will cut its production by around 90,000   units in the third quarter and around 135,000 in the second   half to try to reduce a glut of inventory, the company said on   Tuesday.
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DaimlerChrysler AG's (DCXGn.DE)  Chrysler Group plans to cut more than 10,000 factory jobs and  close at least two plants to return the U.S-based unit to  profitability, the Detroit News said on Monday.
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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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Buyout firm Cerberus Capital Management LP  has hired Chrysler's former chief operating officer to advise it on a possible bid for the U.S. carmaker, the Financial Times reported on Wednesday.