daimler chrysler auburn hills michigan
Daimler values 19.9% stake in Chrysler down to zero
Both Accustomed Motors and Renault-Nissan are reportedly eying an object of Chrysler, or at least some of its shares, but one carmaker that already owns a spike in the Auburn Hills-based firm has downgraded the value of its holding to zero.
Daimler AG, which retained a 19.9% piece in Chrysler after its split last year, had previously written down the ante to $219 million at the end of the second locale. At the end of 2007 the stake was worth $1.17 billion. Daimler CEO Dieter Zetsche has described the move as basically “a function of accounting” but it also serves as a chilling confirmation of Chrysler’s deteriorating fortunes.
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The New Chrysler First Day
daimler chrysler auburn hills michigan: Highlights of information conference and employee celebration at Chrysler World Headquarter in Auburn Hills, Michigan on the first work day since the company split with German automaker Daimler after a 9 year partnership.
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DaimlerChrysler increases Group operating profit in second quarter
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