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There is a new Duster coming to the streets. It won’t be a Plymouth, it won’t be a car and those streets won’t be anywhere near here, but it will have the name of the sporty two-door based on the Valiant. The new Duster is a crossover developed by Automobile Dacia, Renault’s Romanian subsidiary. It’s [...]
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Like on Facebook • Tags: crossover, Dacia, Duster, Nissan, Plymouth, Renault.
This week, Chrysler will sell its 750,000th minivan outside North America, shortly after celebrating the 25th anniversary of the versatile vehicle. Introduced to North Americans in 1984, the Dodge and Plymouth minivans were not brought to Europe until 1988; meanwhile, the Renault Espace, originally developed by Matra in conjunction with Chrysler’s SIMCA, gained dominance [...]
•Like on Facebook • Tags: Chrysler, Dodge, Europe, minivans, Renault, Sales.
Plans for an Election Day merger agreement between General Motors and Chrysler hit a snag Thursday when the Bush administration ruled out funding for it. Without the federal funding, the private investors with whom the automakers had been talking are not interested in the deal. Citing three people with direct knowledge of the talks, Reuters [...]
•Like on Facebook • Tags: acquisition, Alliances, Cerberus and Daimler, Chrysler, Congress, credit, hybrid, merger, Nissan, Renault.
According to unnamed sources with knowledge of the discussions, Nissan Motor Co. does not want to use its $4.6 billion in cash to acquire a 20 percent stake in Chrysler. The Japanese automaker would prefer a share swap, similar to the cross-ownership alliance it has with French automaker Renault. Nissan is profitable but wants to [...]
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Alternatives to a Chrysler-GM merger are arising as the proposal is meeting resistance from the investment community. Cerberus and General Motors don’t have enough cash to make the deal work. One analyst says the merger would need an additional $10 billion or more to make it work and notes there is still a significant risk. [...]
•Like on Facebook • Tags: Cerberus and Daimler, Chrysler, General Motors, loans, merger, Nissan, pickups, Renault.
Renault and Nissan have, according to Detroit News, offered to buy 20% of Chrysler. Nissan would pay its part with cash on hand while Renault would borrow to pay its share. There are already links between Nissan and Chrysler (with Chrysler to sell Nissan small cars and Nissan to sell Chrysler pickups). According to the [...]
•Like on Facebook • Tags: Cerberus and Daimler, Chrysler, Nissan, Renault, Steven Feinberg, Takeover.