daimler

Cerberus making big demands for remaining stake in Chrysler

Daimler has already admitted that its 19.9% share in Chrysler is worth absolutely zero as far as its corporate balance sheets are concerned, but that's not stopping Cerberus from going after that remaining bit as it tries to become the sole owner of the beleaguered American automaker. Without full control of Chrysler, Cerberus would have a tough time offloading it in either one lump deal or in smaller, bit-by-bit transactions. But it sounds like Chrysler's majority owner isn't making life easy for Daimler, accusing the German entity of providing incomplete information about Chrysler and prolonging the actual sale that took place late in 2007. As you'd expect, Daimler is denying these accusations completely and is claiming that Cerberus is making outlandish demands to take the rest of the company off its German hands.

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What's German for "kickback"? Daimler workers broke Mercedes' for profit

A master mechanic and two clerks, among others, are being investigated for intentionally sabotaging Mercedes cars being built at the Sindelfingen factory. Allegedly, repair shops in the area that weren't part of the Daimler corporation were bribing workers with gifts, trips, and cash to alter the cars so that the repair shops could get the contracts to fix them.

The sabotage included scratching the cars, loosening clamps and bolts, as well as -- incredibly -- putting foreign liquids into brake lines. According to Suddeutsche Zeitung, the cars affected were C-, E-, and S-Class. The Stuttgart prosecutor's office estimates the costs to Mercedes in the many of millions, but the greatest irony is this: the workers under investigation were part of the quality control department.

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First Lagonda to be based on S-Class?

It sounds like a match made in heaven. A new duo of sedans styled by Aston Martin with Mercedes-Benz engineering prowess propping them up. Assuming that these two automakers can get their next super-sedans bolted together well enough, the first sedan from the recently-revived Lagonda brand and the next Maybach may be jointly designed by the two companies, which just recently began collaborating with each other. Early reports indicate that the two premium saloons would be based on the latest S-Class chassis architecture, with the Maybach brand getting the most luxurious accouterments and the Lagonda holding the sporty end of the stick.

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What's Chrysler worth to Daimler? Zip, Zero, Nada, Donut

So, just what is a 19.9% stake in America's third largest automaker worth? Um, nothing. So says Daimler, which owns exactly that amount. The German company claims that, for accounting purposes at least, there is absolutely no value in its part-ownership of Chrysler. Just about a year ago, Daimler estimated that its share of Chrysler was worth some $1.17 billion. The remaining 80.1% was sold to Cerberus Capital Management last August for $7.4 billion.

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Mercedes-Benz to cut output by 40K plus

After announcing that its plant in Alabama would be slashing production of its slow-selling SUVs, Mercedes-Benz has decided to cut overall output by more than 40,000 units over the next four months. While the slowdown of SUV sales are anything but surprising, even the top-of-the-line S-Class sedan has been hit with a downturn of sales. Reportedly, the German plant in Untertürkheim will also be reducing its output of V6 and V8 engines.

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Tata to enter uber-lux segment with Daimler revival

It's lonely at the top. If you've got a big budget to buy a big luxury sedan, you're typically looking at a Bentley Arnage or a Rolls-Royce Phantom (Mercedes tried to make a go of it with Maybach, but never really managed to establish itself outside the Persian Gulf and hip-hop videos). Now Jaguar's new owners at Tata want to take on the establishment with a storied name of its own: Daimler.

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Jaguar and Land Rover could strike a deal with Daimler

The sale of Jaguar and Land Rover to Tata means that the two British marques will have to look elsewhere for the parts normally supplied by Ford. Following the news that Daimler could be a supplier to both automakers comes word from Dr. Z himself that a deal is a distinct possibility.

Daimler holds a seven-percent stake in Tata Motors, which could make an easy case for Mercedes to supply Jag and L.R. with the necessary components to wean them off of Ford. Dieter Zetsche told Auto Motor und Sport that, "If Ratan Tata approaches us regarding the supply of components, we would be open to talks." AMG-powered XF, anyone?

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