Daimler Is Looking For Love In China

Germany’s luxobarge makers aren’t just happy selling their luxobarges to China. Now they want Chinese money straight up. Daimler is flirting with the Chinese sovereign wealth fund China Investment Corporation (CIC), which may want to buy 5 or 10 percent of Daimler.

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Fiat Wants Larger Share Of Chrysler Pie, Has Difficulties At Home

In June 2009, Fiat was handed 20 percent of a washed and rinsed Chrysler for no cash, and despite protests, the deal was rammed through. The UAW was given 55 percent, the U.S. and Canadian governments controlled 8 and 2 percent, respectively. Often overlooked, or forgotten, the deal came with an option for Fiat to raise its stake to 35 and eventually as high as 51 percent if it meets some rather vague financial and developmental goals, hashed out with the U.S. government.

Sergio Marchionne thinks the goals are met. He plans to increase Fiat’s holdings in Chrysler to 35 percent within two years, says Reuters.

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  • Dave M. My hipster daughter is greatly into it. We watched the race together this weekend. It was interesting but I'm not devoted to it like she is. She'll be at the Austin race in October.
  • Bd2 If I had time to watch other people driving, then I would go for LMP.
  • Steve Biro There are 24 races on this year’s F1 schedule. And I guarantee you no more than two will be reasonably exciting, Meanwhile, F1’s reception for Andretti reveals the dark underbelly of the sport. I have followed F1 since the 1960s and, frankly, I am running out of interest. I’ll catch a race if it’s convenient but won’t bother DVRing them.
  • YellowDuck Been watching since the 80s, seriously since the 90s once we had reliable TV coverage. I'm in Canada though. Hey, and don't forget that the Interlagos race is also in a convenient time zone, as is Mexico. So that's 5 races in the Americas. Absolutely love it, but it takes a bit more interest in the technical / strategic side of things to really appreciate it. It's not just going fast in circles until someone crashes into someone else, while drunk people watch. The US can be proud of what it has contributed - Austin is one of the best tracks on the calendar, Vegas turned out to be much better than anyone could have hoped, and even Miami - a real Indy car-style track - produced a good race this year.
  • JMII I watch every F1 race, same with Indycar which is 100X better in terms of actual racing.