September 1st, 2009 by DaveAdmin
Mercedes will be pulling the Sprinter from Dodge dealerships into Mercedes dealerships as of January 1, according to Automotive News. The Sprinter, which will be re-launched with a different diesel engine (the one used in Mercedes SUVs), is assembled in South Carolina from knockdown kits. It has been a moderately slow seller, with a peak [...]
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September 1st, 2009 by Bill Cawthon
Mercedes-Benz USA announced today that it will assume responsibility for the sales, marketing, distribution and service of Mercedes-Benz and Freightliner Sprinter vans in the U.S. The German automaker will create Daimler Vans USA, LLC as a wholly-owned subsidiary of Daimler AG. Sales of Mercedes-branded Sprinters will begin in 20010.
The Dodge Sprinter will be discontinued.
Loss of [...]
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August 25th, 2009 by Bill Cawthon
Chrysler Group LLC has joined its unsecured creditors in suing its former owner Daimler AG. However, unlike the creditors, who are suing over Daimler’s alleged past misdeeds, Chrysler is suing because it claims Daimler is not honoring its contracts to supply Chrysler with components now.
The latest lawsuit was filed last Friday in U.S. Bankruptcy Court [...]
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August 18th, 2009 by DaveAdmin
Having won the right to do so from Judge Gonzalez, a group of Chrysler unsecured creditors have now filed suit against Daimler, accusing the conglomerate of taking billions of dollars worth of assets from Chrysler before transferring it to Cerberus two years ago. By removing those assets, according to the creditors, Daimler made it impossible [...]
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August 13th, 2009 by DaveAdmin
Judge Arthur Gonzalez has given Chrysler’s unsecured creditors permission to sue Daimler AG, with the claim that Daimler took away Chrysler’s most valuable assets before selling it to Cerberus Capital Management. The group is seeking over $3 billion in debt.
The details of the suit have not been released. However, it appears that the Treasury could also [...]
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August 5th, 2009 by Bill Cawthon
Creditors of the former Chrysler LLC have asked Judge Arthur Gonzalez, who continues to preside over the Chapter 11 bankruptcy of Old Carco, the company created to dispose of the automaker’s abandoned assets, for permission to sure former owner Daimler AG.
The group representing Chrysler’s unsecured creditors claim the German company stripped Chrysler of its most [...]
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