| Chrysler prepares for IPO |
Sep 24th, 2013 |
DETROIT (AP) Chrysler Group is preparing an initial public offering of some of its shares. Chrysler filed paperwork for the IPO with the federal government late Monday. Chrysler shares haven't been publicly traded since 1998, when the company merged with Daimler AG. It is now majority owned by Italian automaker Fiat ...
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| Hyundai Genesis Coupe 1000hp SEMA concept revealed |
Sep 24th, 2013 |
has been revealed ahead of its debut at November’s 2013 SEMA aftermarket show in Las Vegas. Built in conjunction with California-based Bisimoto Engineering, ...
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| Daihatsu reveals eight compact concepts in Indonesia |
Sep 24th, 2013 |
has debuted eight concept cars at the Indonesia motor show in a typically bold move for the quirky Japanese car maker. The models all form part of Daihatsu’s plan to become a market leader in compact cars that are fuel efficient and affordable. The UFC 2 concept (pictured top) is a small, seven-seat people-mover made for the Indonesian market. Based on Daihatsu's compact platform, ...
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| Chrysler Group plans to resume trading its shares on stock market |
Sep 24th, 2013 |
Plans for the Chrysler stock sale were filed amid a high-stakes bid by parent Fiat to buy the rest of the U.S. automaker it doesn't already own from a big union ...
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| Chrysler files for IPO |
Sep 24th, 2013 |
Chrysler Group, majority owned by Fiat, has filed for an initial public offering. The move could delay Fiat's plans to take full ownership of the U.S. automaker.The offering will be underwritten by J.P. Morgan, the company said in a securities filing posted on Monday.Chrysler's minority shareholder, the United Auto Workers retiree healthcare trust fund, decided in January to sell part ...
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| Chrysler files for stock offering Fiat seeks to avoid |
Sep 24th, 2013 |
CHICAGO (AFP) - US automaker Chrysler reluctantly filed papers for an initial public stock offering after Italian parent Fiat failed to reach a deal to purchase the stake of a workers' trust fund.Sergio Marchionne, who leads both Chrysler and Fiat, had repeatedly said he hoped to avoid an IPO as he seeks full ownership of the third largest US automaker.But the UAW Retiree Medical Benefits ...
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| Driver hits 2 trees 2 parked cars and 2 pedestrians in parking lot police say |
Sep 24th, 2013 |
BEAVERTON, Ore. -- A driver crashed into two trees, two parked cars and two pedestrians Monday afternoon in the parking lot of a New Seasons in the Cedar Hills area, police said. Police said the 66-year-old driver, Steven Brown of Portland, was driving his Chevrolet HHR through the parking lot when his plastic walking cast became stuck on the accelerator. That's when he plowed into the ...
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| Chrysler Files IPO As UAW Trust Pressures Fiat |
Sep 24th, 2013 |
Chrysler LLC is forecast to sell 120,273 units in the U.S. in the first month of 2013, an 18.3 percent increase from last year. Most of the world's top automakers are expected to see double-digit monthly sales growth figures as U.S. consumers continue to fuel a rebound in the sector from the 2008-09 financial ...
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| Volvo refutes S100 luxury flagship suggestions |
Sep 24th, 2013 |
the Swedish brand’s chairman, Li Shufu, confirmed plans to develop an S100 luxury flagship to Chinese media are ';not correct';. ';Li Shufu has not commented upon these matters to Chinese media at all,'; Froberg said. ';The recurring media speculations about a disunity between Li Shufu and the Volvo management regarding the companys product strategy are baseless. ...
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| Fiat takes Chrysler public deal details under wraps |
Sep 24th, 2013 |
US automaker Chrysler filed papers for an initial public stock offering after Italian parent Fiat failed to reach a deal to purchase a workers retirement fund's large stake. Sergio Marchionne, who leads both Chrysler and Fiat, had repeatedly said he hoped to avoid an IPO as he sought full ownership of the third largest US automaker. But the UAW Retiree Medical Benefits Trust – known ...
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