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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  • Zachary How much is the 1984 oldmobile (281)8613817
  • Yuda Very dystopian. Not good.
  • EBFlex Yes. They don’t work.
  • THX1136 I remember watching the 'Wonderful World of Disney' back when I was kid. One program imagined the future. In that future one could get in their car, tell it the chosen destination and the car would take you there without any further intervention. As a pre-teen I thought that sounded pretty cool. Now I'd be more on the side of wanting to drive when I want and letting the car do the driving when I don't. Not scared of autonomous vehicles, not ready to completely abandon driving myself either.
  • Dave M. Always thought these were a great design, timeless in fact. But as a former Volvo owner who was bled to death by constant repairs starting around 40k miles, run far far away