After lengthy negotiations Daimler has finally separated itself from Chrysler, with the announcement this week that the German company will return its remaining 19.9 percent stake in the struggling automaker.

Chrysler, Cerberus Capital Management (the current majority stakeholders in Chrysler) and the US Pension Benefit Guaranty Corporation came to an agreement with Daimler on Monday. The [...]

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Having recently failed to secure a second USD$25 billion leg-up from the US government, America’s Big Three (GM, Ford and, Chrysler) each have had plenty to say about the possible ramifications for the companies’ futures as well as the potential carry-on effect for the US economy. Unsurprisingly, it’s a bleak forecast.

General Motors boss Rick Wagoner has cautioned Congress [...]

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A deal of any sort with ailing automotive manufacturer Chrysler is beginning to look like a hot potato. We recently reported that talks with Nissan-Renault had ceased, as Cerberus Capital Management (Chrysler’s current owners) felt GM had more to offer.

However, a merger with General Motors may now be equally doubtful with GM - having just posted a [...]

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General Motors Corporation US, in merger talks with Chrysler (and more about that in a moment), has now put its crippled Hummer brand on the front of the lot, packaged for sale.

The problem for GM of course, is that while next to nobody wants to put a Hummer in the drive, buyers for the brand [...]

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The pending sale by Ford of its Jaguar and Land Rover (PAG) Premium Auto Group brands has attracted the interest of some interesting parties. Want to know who has thrown their hat into the ring? Read on…

Not letting the fact that Jaguar has been bleeding pounds sterling like a stuck pig get in the way [...]

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General Motors announced overnight that it has posted a second quarter profit of $US891 million which is a fair chunk of good news given that a year ago they posted a $US3.4 billion loss.

In a similar vein to Ford who also announced a second quarter profit earlier this week, GM were assisted by the improved [...]

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The big car industry news overnight is that agreement has been reached on the sale of the Chrysler half of DaimlerChyrsler. In one of the industries largest private equity deals Cerberus Capital Management has stepped up to the plate and purchased 80.1% of Chrysler for around AUD $7.6 billion.

This deal is an amazing AUD $35.7 [...]

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