| Chrysler files for stock market IPO |
Sep 24th, 2013 |
Fiat owns 58.5% of Chrysler and had wanted to buy the remaining stake, which is held by the United Auto Workers (UAW) Retiree Medical Benefits Trust. The two sides have negotiated for months but failed to reach an agreement. The UAW's retiree healthcare trust has not disclosed how much it wants for its 41.5% stake, which it gained as part of the US's government's bailout of the ...
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| Chrysler Files For IPO But It Might Only Be A Bargaining Tactic |
Sep 24th, 2013 |
Chrysler CEO Sergio Marchionne (Image credit: Getty Images via @daylife) Chrysler Group late Monday filed for an initial public stock offering, a move that could help resolve a dispute between its two owners, Fiat SpA and a UAW trust, over its value as Fiat aims to merge the two automakers into a global player. The UAW Retiree Medical Benefits Trust, also known as the VEBA Trust, is offering ...
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| Whats Really Going On With The Chrysler I.P.O. |
Sep 24th, 2013 |
Chrysler has paid what it owed the American government, but now the UAW's health care trust wants to get paid by Fiat CEO Sergio Marchionne for its shares. (Image credit: Getty Images via @daylife) Chrysler has not been a publicly traded company since 1998, when it merged with ...
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| Alfa Romeo 4C from $75000 |
Sep 24th, 2013 |
Alfa Romeo’s stunning 4C, the ';affordable supercar';, is set to go on sale in Australia in the second quarter of next year at the surprisingly temping price of just $75,000. The company’s Australian representative had briefed journalists the night before the car’s unveiling, at the company’s test track in Balocco, northern Italy, to expect a price of between ...
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| Chrysler prepares for IPO |
Sep 24th, 2013 |
DETROIT — Chrysler Group is reluctantly preparing for an initial public offering of some of its shares. The automaker is proceeding with the IPO after it failed to reach an agreement on the value of the stock with the retiree trust that owns it. Chrysler shares haven't been publicly traded since 1998, when the company merged with Daimler AG. The Auburn Hills, Mich.-based automaker is ...
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| Chrysler files for IPO |
Sep 24th, 2013 |
The trust was set up in 2007 as a way of reducing Chrysler's financial burden of paying these health care costs. It was never supposed to have a large share of its assets in the form of a privately held stock, but with Chrysler running out of cash the following year and falling ...
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| Chrysler files for IPO |
Sep 24th, 2013 |
The trust was set up in 2007 as a way of reducing Chrysler's financial burden of paying these health care costs. It was never supposed to have a large share of its assets in the form of a privately held stock, but with Chrysler running out of cash the following year and falling ...
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| Australian motorists pay $3800 to keep their cars on the road |
Sep 24th, 2013 |
pay more than $3800 every year to keep their cars on the road. According to an AAP report, the bank’s data reveals fuel is the greatest expense for car owners - over 40 per cent of an owner’s total costs - while other factors such as car washing and parking can cost drivers more than $100 each year. Insurance costs an average of $407 each year, another major expense for drivers. ...
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| FMCSA begins efforts to improve truck safety |
Sep 23rd, 2013 |
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In early 2012, President Obama signed into law the Moving Ahead for Progress in the 21st Century Act, also known as MAP-21. Among other things, this law provided the Federal Motor Carrier Safety Administration with the authority and the means to continue its efforts to improve highway safety and reduce the incidence of truck accidents across the U.S.
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| New Jersey court outlines rule for remote texter liability |
Sep 23rd, 2013 |
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It is no secret that distracted driving is one of the most pressing threats to drivers on our nation's highways. Indeed, many states, including New Jersey, have passed legislation strictly prohibiting the practice of texting or the use of cell phones while behind the wheel.
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