cars – News Stories About cars - Page 19

Daimler to Unload Chrysler in $7.4B Deal

May 14, 2007 7:34 AM CDT

Daimler to Unload Chrysler in $7.4B Deal

German firm keeps minority stake in American auto giant

(Newser) - DaimlerChrysler has sold a majority stake in the Chrysler Group to the American private-equity firm Cerberus for $7.4 billion, the auto giant announced today. The deal unhooks the money-losing American arm of the international conglomerate from its German partner, which will retain a 19.9% stake in Chrysler and...

Ford Turnaround Plan Pays Off

Apr 26, 2007 10:59 AM CDT

Ford Turnaround Plan Pays Off

(Newser) - A loss is a win for Ford this morning, as the company's shares soared nearly 10% on smaller-than-expected first-quarter losses. Investors see the $282 million net loss—down from $1.4 billion in first quarter 2006—as a sign the company's ambitious turnaround plan is on track.

Toyota Finally Tops GM

Apr 24, 2007 10:06 PM CDT

Toyota Finally Tops GM

First-quarter sales rise 9%, ending GM's 76-year reign as world's biggest automaker

(Newser) - Toyota vroomed past General Motors in the first quarter to become the biggest automaker in the world, ending GM's 76-year reign. Riding the strength of its innovative Prius hybrid and solid standbys like the Camry, Toyota posted record first-quarter sales of 2.35 million vehicles, compared to GM's 2.26...

Plug-In Has Power to Spare

Apr 10, 2007 12:22 PM CDT

Plug-In Has Power to Spare

Higher-Capacity Batteries Open PossibilitiesMay Make Motorists Into Energy Traders

(Newser) - A souped-up plug-in hybrid unveiled yesterday has excited talk of a future in which cleaner-running cars are also profitable. With a new lithium-ion battery that can store up to nine kilowatt/hours of electricity, a hybrid owner could buy electricity at night, store it in the battery, and then sell it...

Kerkorian Offers $4.5 Billion
For Chrysler

Apr 5, 2007 4:18 PM CDT

Kerkorian Offers $4.5 Billion For Chrysler

Dumped his shares last time around; now is ready with cash

(Newser) - Beverly Hills billionaire Kirk Kerkorian has offered to buy the Chrysler group for $4.5 billion. Kerkorian's investment company, Tracinda Corp., can pay cash for the ailing automotive giant, and is pitching an extra $100 mil for an exclusive two-month period to run due diligence. Tracinda told parent DaimlerChrysler it...

Lexus Reaches for Luxury Cachet

Mar 26, 2007 11:23 AM CDT

Lexus Reaches for Luxury Cachet

Wealthy suburbanites' car of choice gets high-end makeover

(Newser) - Stodgy luxury standby Lexus is trying to trade up to the hot "prestige luxury" market with a new line of $70,000 and up automobiles. Along with the new models comes a massive rebranding effort that aims, says a marketing manager, to get "Louis Vuitton, Prada, Gucci...