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Daimler agrees to unload remaining Chrysler stake
Mon, 27 Apr 2009Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.9 percent shareholding in Chrysler will be redeemed, and Daimler will forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statement," Daimler said in a prepared statement. All told, Daimler will write off $700 million as a result of the deal, according to the statement.
2014 Mazda 6 diesel sales postponed for emissions testing
Fri, 13 Sep 2013Mazda has postponed the U.S. launch of its diesel-powered Mazda 6 midsized sedan until April because of delays in emissions testing, the company said today. Instead of hitting showrooms before year end as planned, Mazda 6 sedans powered by the automaker's Skyactiv-D 2.2-liter turbodiesel will arrive in late April, Robert Davis, senior vice president of U.S.
Nissan plans to build the Infiniti JX in Tennessee
Wed, 20 Apr 2011Nissan Motor Co.'s assembly plant in Smyrna, Tenn., will build the new seven-passenger Infiniti JX crossover next year, the chairman of Nissan Americas said Wednesday. The move is part of Carlos Tavares' mission of getting Nissan and Infiniti products out of yen and into dollars, but that will require the automaker to move some products around. Tavares also wants to buy more parts from North American suppliers.