New V6 for the Sebring/Avenger or Mercedes?
Posted on September 13th, 2010 • by David Zatz
Tag Archive for 'Daimler'
Former Chrysler workers sue former Chrysler owners
Posted on September 10th, 2010 • by Bill Cawthon
More than 450 Chrysler retirees have filed a class action suit in the Wayne County (Michigan) Circuit Court against Daimler AG and Cerberus Capital Management LLC over the loss of supplemental pension benefits during the automaker’s 2009 bankruptcy. The pensions, covering workers and managers, were set up under a private program and so were not [...]
Stallkamp: control was the problem at DCX
Posted on April 22nd, 2010 • by David Zatz
Thomas Stallkamp, the respected final president of Chrysler Corporation, wrote to Automotive News to discuss the Daimler-Renault-Nissan pact. Referring to Dieter Zetsche’s claim that he had learned from the failure of DaimlerChrysler and would now focus on “cost savings and car development projects rather than control,” Stallkamp wrote, Funny, I thought those were the stated [...]
Daimler to pay $185M in fines, plead guilty to felonies
Posted on March 24th, 2010 • by Bill Cawthon
Daimler AG has agreed to pay $93.6 million to the U.S. Justice Department and $91.4 million to the Securities and Exchange Commission to settle criminal and civil charges of bribing foreign officials. The German automaker will also plead guilty to multiple felony counts before a federal judge next week. The charges stemmed from a lawsuit [...]