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Chrysler-Fiat talks intensify, Saturn deal eyed

Fiat SpA Chief Executive Sergio Marchionne turned up the heat on talks with struggling U.S. automaker Chrysler on Wednesday as General Motors Corp confirmed a possible buyer for its Saturn network.

Fiat CEO says other options to Chrysler deal

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Fiat SpA's chief executive said there were other options to a partnership with troubled U.S. car maker Chrysler LLC although he still wanted seal the deal by the April 30 deadline set by Washington.
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Fiat and Chrysler enter alliance in non cash deal

Fiat and Chrysler announced on Tuesday they signed an agreement for a strategic alliance in which Italy's car maker will have a 35 percent stake in Chrysler. The non-cash deal would give the troubled U.S. carmaker access to Fiat's products.
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Daimler hurt by dollar but sees no U.S. recession

Daimler AG Chief Executive Dieter Zetsche does not expect the U.S. economy to contract as a result of high oil prices and the real estate crisis. The CEO also rebutted Wednesday's market speculation that Cerberus, which bought an 80 percent stake in Chrysler from Daimler earlier this year, had called on the German carmaker to extend a $1.5 billion loan.
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Union chief blasts stupid Chrysler strategy

Chrysler LLC's recent decision to cut up to 10,000 factory jobs and slash production in North America tested the credibility of the automaker's new private equity owner, the head of the Canadian Auto Workers said on Tuesday.
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Ballard sells auto-fuel-cell business to Daimler and Ford

Ballard Power Systems, the Vancouver producer of hydrogen fuel cells, said it agreed to sell its automotive-fuel-cell business to Daimler AG of Germany and Ford Motor Co. of Dearborn, Mich. As payment, Ballard will receive the 34.3 million of its shares that Daimler and Ford hold.
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Chrysler workers approve contentious labor pact

Workers represented by the United Auto Workers ratified a four-year contract with automaker Chrysler LLC, the union said on Saturday, capping a close-fought battle that had threatened to scuttle the labor pact.
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Chrysler, UAW contract talks near strike deadline

The United Auto Workers union and automaker Chrysler LLC remained locked in contract talks on Wednesday morning just hours before a strike deadline set by the union that could trigger the industry's second major work stoppage in as many weeks.
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Chrysler, UAW talks intensify as strike deadline looms

With just over a day remaining until a strike deadline, representatives of the United Auto Workers union and Chrysler LLC bargained into Tuesday morning in a bid to reach a new contract for some 49,000 U.S. factory workers.
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UAW sets deadline in Chrysler labor talks

Negotiators from Chrysler LLC and the United Auto Workers were set to resume contract talks on Monday after the union set a deadline for wrapping up negotiations this week. The struggling No. 3 U.S. automaker has been given a 72-hour strike notice by the UAW as they negotiate a new labor agreement, a person familiar with the talks said on Monday.
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Chysler Hires Away Another Top Exec

Chrysler has lured another high-profile executive, this time from Asia, into its ranks on Friday, following a similar move a day earlier as the company seeks to revive its struggling operations.
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Chrysler hires Toyota's top American exec

Chrysler added Toyota's top American executive to its ranks on Thursday, hiring James Press as its new vice-Chairman and President in a bid to steer the newly private, but struggling company as it attempts a comeback.
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DaimlerChrysler mum on payout plans

DaimlerChrysler left investors guessing about plans to return excess cash to shareholders as the German carmaker reported second-quarter operating profits on Wednesday in line with market expectations.
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Daimler to get its name back in deal with Ford

DaimlerChrysler has paved the way to rename itself Daimler AG by striking a deal with Ford Motor Co to use the name now owned by British brand Jaguar, the companies said on Wednesday.
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Chrysler seen profitable within 3 years: report

Chrysler LLC, the struggling No. 3 U.S. automaker purchased by private equity firm Cerberus Capital Management, is expected to return to profit within three years, Cerberus chairman John Snow said.
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Chrysler's new CEO declines to detail salary package

Robert Nardelli, who was named to head Chrysler LLC on Monday by its new owner Cerberus Capital Management, declined to detail his compensation package, but said it would be tied to the automaker's progress in its turnaround. Nardelli was widely criticized for a pay and severance package seen as excessive during his term as chief executive of retailer Home Depot Inc.
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Chrysler postpones $12 bln auto loan deal

Chrysler Corp. on Wednesday postponed its $12 billion auto loan deal, while Chrysler Financial Services sweetened the pricing on $6 billion of term loans for the second time, market sources told Reuters Loan Pricing Corp.
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Chrysler says closing of Cerberus deal very close

Chrysler Group Chief Executive Tom LaSorda on Friday said that the closing of a $7.4-billion deal for the acquisition of a majority interest in the automaker from German parent DaimlerChrysler AG is 'very, very close.'
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Daimler down on talk of Chrysler financing problems

DaimlerChrysler shares fell more than 2 percent on Wednesday on market talk of possible financing difficulties for the sale of U.S. carmaking arm Chrysler to Cerberus, traders said, but Daimler said it was not aware of any difficulties.
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Chrysler sales drop in June

Chrysler Group, owner of the Jeep and Dodge brands, reported Tuesday that June sales dropped on continuing slower sales of its larger vehicles.

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