DAIMLERCHRYSLER
Airbus production head to resign
Airbus says a top executive in charge of engineering and manufacturing for the European aircraft maker is to be replaced by an as yet unnamed successor early next year.
Mitsubishi announces $325 mn US plant
Mitsubishi Power Systems says it will build a $325 million plant near Savannah, Georgia, to manufacture and service large steam and gas turbines used by power plants.
Foreign MNCs can now carry forward losses
However, the section does not deal with a situation when the subject company is a subsidiary of a foreign company that is listed abroad.
Top 10 Indian firms' R&D expense 1/10th of top global investor
Top 10 Indian firms, put together, invested 477 million euro last year for R and D, less than one-tenth of the world's biggest R and D investor Pfizer. Making it by faking it
BAE Systems wins Australian army deal
British defence group BAE Systems said on Friday it has been chosen as the preferred bidder to supply trucks to the Australian army in a deal expected to be worth up to 653 million pounds ($1.33 billion, 941 million euros).
Mitsubishi back on track with new models
Mitsubishi Motors lost about three-fourths of its market value in 2004 amid vehicle recalls linked to two fatal crashes. Now, the shares may rise as much as 34% as its sales growth outpaces Toyota Motor’s.
German cars off their prime
German cars are too big, costly and polluting. The challenge is now from Toyota and Chinese upstarts like Chery and Geely.
Ex-Home Depot boss at Chrysler helm
Chrysler's new private owners say they have picked former Home Depot boss Bob Nardelli to head the No. 3 US automaker in its effort to return to financial health.
BMW wants to step up cooperation with Mercedes
BMW wants to intensify cooperation with its fellow German luxury car maker Mercedes, a top BMW executive said.
Kerkorian keen to bond with Chrysler
Billionaire Kirk Kerkorian, who offered to buy DaimlerChrysler's Chrysler unit for $4.5 billion earlier this week, said he wants “a true partnership” with the company’s workers and union members.
Magna, Cerberus, Blackstone lead the race for Chrysler
Magna International, Cerberus Capital Management and a team led by Blackstone Group and Centerbridge Partners are frontrunners to buy DaimlerChrysler’s Chrysler unit, two people familiar with the talks said.
Airbus rescue plan under fire
Airbus unions in France on Friday ordered a one-day strike for next week to protest planned job cuts and plant disposals at the European aircraft maker.
DaimlerChrysler to get $221m from insurers
DaimlerChrysler will recover about e168 million ($221.5 million) from insurers in settling a dispute over the costs of a US class-action lawsuit in 2003.
Made in China E-class may hog limelight at Beijing show
Top world automakers were set to showcase new models at a Beijing auto show this weekend, each vying for a share of the booming Chinese car market.
DaimlerChrys net falls 37% to $681m
DaimlerChrysler’s third-quarter profit fell less than analysts estimated as higher earnings at the Mercedes and truck units eased a loss at Chrysler.
Germany wants stake in EADS, minus headaches
In the political minefield of national egos at the heart of EADS, the German government seems undecided about how best to shore up its interests without being left to foot the bill, should the aerospace giant’s finances deteriorate.
KfW to buy Daimler-Chrys’ EADS stake next year
German government officials and the state-owned redevelopment bank KfW are preparing a contract for the bank to buy a stake in European aerospace giant EADS early next year, the Financial Times reported.
France, Germany look to solve Airbus crisis on equal terms
The leaders of France and Germany have insisted that the crisis at Airbus be resolved on equal terms in response to alarm in Germany that restructuring at the troubled plane-maker could harm its interests.
It's Toyota's hybrid vs big auto
General Motors, DaimlerChrysler & Bayerische Motoren Werke (BMW) will spend more than $1bn combined to make a shared gasoline-electric system.
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