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Ram, large SUVs boost Chrysler's May sales 11 percent
Mon, 03 Jun 2013Rising demand for Ram pickups, large SUVs and cars helped Chrysler Group's sales increase 11 percent in May. The company's car sales rose 16 percent while light truck deliveries advanced 9 percent, Chrysler said Monday. It marked the 38th consecutive month that the automaker's U.S.
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.
Warning over minicab 'free-for-all'
Mon, 23 Jun 2014RAPE AND sex assaults could rise due to plans to allow minicab owners to lend their vehicles out to anyone when not at work, police bosses have warned. A cross-party group of Police and Crime Commissioners (PCCs) across England and Wales said planned deregulation will lead to a "free-for-all". Currently, only licensed private hire drivers can drive a marked private hire vehicle, drivers have to be regularly re-licensed and there are restrictions on vehicles operating across local authority boundaries.