Chrysler LLC has had talks with automakers in Russia and India over potential tie-ups and was approached by Fiat although no formal discussions with the Italian automaker are ongoing now, a senior Chrysler executive said on Wednesday.
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Courtesy: indiacar.net
The Rs 4,400 crore Hero-Daimler joint-venture project to build commercial vehicles will come up in Tamil Nadu. A memorandum of understanding (MoU) under the name Daimler Hero Motor Corporation (DHMC), will be signed on Monday at Chennai in the presence of Hero and Daimler top brass. The head of the Daimler truck division Andreas Renschler […]
America?s decades-long love affair with monstrously large vehicles may finally be coming to an end, US automakers have predicted in the wake of a sharp drop off in sales amid high fuel costs.
Large and mid-sized sport utility vehicles were down 42% and 38% respectively in May while pickup sales dropped 30%, according to Autodata.
And perhaps […]
Top US car maker Chrysler plans to outsource the seating systems for its Jeep Wrangler to Krishna-Maruti (KML), South Asia’s largest seating systems maker.
The project is part of Chrysler’s plans to source more from low-cost countries like India and China. The seating systems — an order worth $100 million — would be fitted in 1,20,000 […]
World’s largest truck maker Daimler AG and India’s Hero group said on Monday that they will invest Rs 4,400 crore in the next five years through a joint venture to develop and manufacture commercial vehicles in India by 2010.
The two companies have signed a joint venture agreement in which the German partner will have 60 […]
DaimlerChrysler India on Tuesday announced that it has received formal approval from the Registrar of Companies to change its name to Mercedes-Benz India Pvt Ltd. This is in line with its global policy following the disposal of 80.1 per cent of its stake in Chrysler Holding LLC.
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Courtesy: www.indiacar.net
DaimlerChrysler India on Tuesday said that it has received approval from the Registrar of Companies to change its name to Mercedes-Benz India Pvt Ltd.
The renaming of the automobile manufacturer follows the disposal of 80.1 per cent of its stake in Chrysler Holding LLC, a release issued here stated.
A clear distinction has been made between the […]
Daimler predicted on Thursday that India, China and Russia would provide the main impulse for growth in the automotive sector in 2008, in the face of flat demand in Europe and a depressed North American market as a result of falling house prices.
Posting net profits of 3.985 billion euros ($5.8 billion) for 2007, up from […]
Luxury carmaker DaimlerChrysler is set to commission its new manufacturing base at Chakan in Maharashtra early next year, which would enhance the company?s capability to offer a wide range of products.
The Director of Sales and Marketing, Mr Sanjiv Sahajwala, said that the plant slated for commissioning by the first quarter of 2009, would come up […]
German auto major Daimler will hold 60% stake in its commercial vehicle joint venture in India with the Hero group holding the remaining 40%. The total investment in the project will be around Rs 3,500 crore, although the final numbers are still being worked out. Daimler’s investment in the venture will be around Rs 1,650 […]