Daimler AG


  • Chrysler Recalls SUVs After Dozens of Reported Fires Sunday, 11 Mar 2007 | 1:10 PM ET

    Chrysler Group said it would recall almost half a million vehicles, including recent models of the Jeep Liberty and Dodge Durango after reported fires and its new Dodge Avenger sedan because of faulty door latches.

  • CEO Frank Stronach said it was vital that Magna be involved in a possible sale of Chrysler to protect itself and help its biggest customer, the Globe and Mail reported.

  • Video Roundup: Going Green at Geneva Auto Show Friday, 9 Mar 2007 | 12:55 PM ET
    The new Subaru R1e Electric vehicle with rapid electricity charger is shown during the press day  at the 77th Geneva International Motor Show, Tuesday, March 6, 2007, in Geneva, Switzerland. The Motor Show will open its gates to the public from March 8 to 18. (AP Photo/Keystone, Martial Trezzini)

    The 77th International Auto Show in Geneva, Switzerland this year will no doubt be remembered by the presence of automakers exhibiting alternative powered technology.

  • On The Road To Cult Status Friday, 9 Mar 2007 | 11:04 AM ET
    1967 Ford Mustang

    Cult cars emerge regardless of marketing efforts and BMW's MINI is on the verge of joining the Ford Mustang and a select group of other autos that captured the imagination of car lovers.

  • Chrysler Future Hinges On Unions Thursday, 8 Mar 2007 | 10:36 AM ET

    While representatives from two private equity firms meet with Chrysler executives outside Detroit this week, there will be plenty of speculation about what it would take for them to bid on the American automaker.

  • Chrysler's Estimated Value to Buyer Is All Over the Map Wednesday, 7 Mar 2007 | 11:25 AM ET

    As two private equity firms examine Chrysler's books and consider making offers to buy the company this week, they'll be grappling with a question whose answer is uncertain: How much is the automaker worth?

  • Geneva Eye Candy, GM's Subprime Worries Wednesday, 7 Mar 2007 | 10:35 AM ET
    Diatto 2007

    If you've seen as many auto show's as I have, you rarely are impressed by the new models, displays, and "shows" put on by the automakers. Well, Geneva has changed that.

  • Daimler CEO Says Chrysler Won't be Auctioned: Paper Wednesday, 7 Mar 2007 | 6:05 AM ET

    DaimlerChrysler  will not auction off loss-making U.S. division Chrysler and could decide to keep the business at the end of a strategic review, Chief Executive Dieter Zetsche told a German paper.

  • Chrysler Split Could be Difficult: New York Times Wednesday, 7 Mar 2007 | 3:57 AM ET

    The chief executive of DaimlerChrysler, 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.

  • DaimlerChrysler Chief Executive Dieter Zetsche said last month's announcement that all options are on the table for Chrysler has hurt the U.S. car maker's sales, CNBC's Phil LeBeau reported. "Yes, we have seen an impact," Zetsche told LeBeau in a 30-minute interview at the Geneva Motor Show.

  • GM CEO: Emerging Markets Encouraging for 2007 Tuesday, 6 Mar 2007 | 11:48 AM ET

    General Motors CEO Rick Wagoner told CNBC's "Worldwide Exchange" he predicts robust global sales growth in 2007, crediting the positive outlook to a strong product pipeline and solid performance in the emerging markets.

  • GM CEO: Emerging Markets Encouraging for 2007 Tuesday, 6 Mar 2007 | 9:55 AM ET
    This West Chester, Ohio-based steel company struggled in the first half of the year, posting a 37% decline year-to-date. Cramer didn't like this stock at first because it's not a vertically-integrated steel maker, meaning it doesn't have its own mines and needs to buy its primary raw materials. In other words, AK Steel's operating costs were very high.But Cramer thinks this stock could be poised for a turnaround, as those costs have since plummeted. He also likes the company's management, who reduced the employee headcount by 30% while maintaining the same production capacity. At the same time, the company has used more than $2 billion of internally generated cash to shore up its balance sheet. It has also managed to muddle through the recession without selling equity, issuing debt or cutting its small dividend, which has a 1.4% yield.

    General Motors CEO Rick Wagoner told CNBC's "Worldwide Exchange" he predicts robust global sales growth in 2007, crediting the positive outlook to a strong product pipeline and solid performance in the emerging markets.

  • Zetsche's Admission: Sale Talk Impacting Chrysler Tuesday, 6 Mar 2007 | 8:19 AM ET

    When I walked in with other reporters here at the Geneva Auto Show to talk on the record with Dieter Zetsche, I expected few details on the potential sale of Chrysler. Dr. Z. Did not disappoint. He won't say if there is a timeline for wrapping up the auction process or reveal any of the parties doing serious work studying Chrysler.

  • Mercedes Sells 2.1% Fewer Vehicles in Feb Tuesday, 6 Mar 2007 | 4:59 AM ET

    DaimlerChrysler said on Tuesday its Mercedes Car Group premium division sold 2.1%  fewer vehicles worldwide in February than in the same month a year earlier.

  • What Traders Are Saying Behind Closed Doors Monday, 5 Mar 2007 | 8:36 PM ET

    The talk today is about Blackstone, Palm, Honeywell making flat panel TV's and more.  Find out what top traders say is the "real" word here.

  • Blackstone in Hunt for Chrysler: Report Monday, 5 Mar 2007 | 10:10 AM ET

    Private equity firm Blackstone Group has emerged as a leading contender to buy the troubled U.S. division of German automaker DaimlerChrysler, The Detroit News reported on its Web site on Saturday, citing people familiar with the situation.

  • GM, Toyota Post U.S. Sales Increases for February Thursday, 1 Mar 2007 | 2:57 PM ET

    General Motors said on Thursday that its U.S. sales rose 3.4% in February, with an 11% increase in retail sales offsetting a reduction in fleet sales to daily rental companies. GM's Japanese rival Toyota Motor, meanwhile, reported a 12.2% sales spike for the month.

  • Reliability: What's Up Or Down With Mercedes? Thursday, 1 Mar 2007 | 11:17 AM ET

    The latest consumer reports auto reliability survey is out, and the news is not good for Mercedes. The German made premium brand ranked dead last among 36 automakers. That was not a typo. Mercedes finished at the bottom of the latest survey on reliability. Consumer Reports compiled the results after surveying more than a million car owners and asking them to rate their cars/trucks and suv's.

  • BMW, Daimler to Co-develop Hybrids for Premium Cars Thursday, 1 Mar 2007 | 5:23 AM ET

    German carmakers BMW and DaimlerChrysler have agreed to co-develop hybrid transmission systems for rear-wheel-drive premium cars, they said on Thursday.

  • Why Not Tracinda? Wednesday, 28 Feb 2007 | 3:14 PM ET
    Dieter Zetsche, DaimlerChrysler CEO

    Two weeks after DaimlerChrysler CEO Dieter Zetsche said all options are on the table for a possible sale of the Chrysler Group, speculation about potential buyers is increasingly focused on private equity investors. Sources tell CNBC the two private equity firms showing the most interest so far are Blackstone and Cerberus Capital.