Less than a year after launching the Crossfire coupe, Chrysler is bringing an open-top Crossfire roadster to the UK
Citroen, Ford, BMW, VW, Peugeot and DaimlerChrysler have agreed to lift servicing restrictions following a major inquiry into new car warranties by the Office of Fair Trading. However Which? magazine has been forced to apologise after claiming seven carmakers were still offering warranties in breach of EU law
DaimlerChrysler looks set to walk away from not one but two of its corporate alliances, casting into doubt future model developments. The carmaker has already closed the door on a venture with Mitsubishi Motors and is now deep in crisis talks with Hyundai
Hyundai Motor confirmed today that DaimlerChrysler would sell its entire 10.5% stake in South Korea's biggest carmaker
Sytner Group has become the fifth Mercedes-Benz retailer to add ChryslerJeep to its existing franchise territory, although Chrysler insists this is not part of a retail strategy to combine market areas
FT.com claims crisis talks are under way between DaimlerChrysler and Hyundai Motor about the future of their alliance, amid doubts about plans to build commercial vehicles and engines together
A new DaimlerChrysler brand centre has opened in the West Midlands. Drayton Group has created a multi-brand super-site by adding the ChryslerJeep franchise to its existing Mercedes-Benz and Smart dealership in Wolverhampton.
Wilfried Steffen, DaimlerChrysler UK president and chief executive officer, intends to give the UK a stronger voice within the international group on issues such as product planning and customer demands.
Media reports unconfirmed by Mitsubishi Motors say executive VP for overseas sales Steven Torok is stepping down as DaimlerChrysler's trouble-shooting team ponders the cost of turning the firm around.
Chrysler Group in the UK has launched an industry-first scheme to provide customers with a Chrysler or Jeep courtesy car comparable with their own vehicle after breakdowns or accidents.
Several Mercedes-Benz retailers have started adding Chrysler franchises to their market territories as they move to larger showpiece dealerships.
DaimlerChrysler is sending Andreas Renschler, president of the Smart subsidiary this week to lead a firefighting team to help turn around Mitsubishi's losses with a new 'mid-term business plan'.
DaimlerChrysler's results for the year 2003 included an operating profit of $7.2 billion after restructuring costs of $591 million at Chrysler, and a capital gain of $1.3 billion from the sale of its MTU Aero Engines business. Net income dropped to $0.6 billion from $5.9 billion in 2002.
DaimlerChrysler's supervisory board has announced that Mercedes Cars boss Prof. Jurgen Hubbert is to take over responsibility for the Executive Automotive Committee on August 1, 2004. Juergen Schremmp is to keep his job as chairman for another three years.
A report in a Japanese paper, the Nihon Keizai Shimbun, says Mitsubishi Motors will restructure its entire production system in a major overhaul which is expected to lead to DaimlerChrysler-nominated president Rolf Eckrodt stepping down.
DaimlerChrysler will be producing hybrid vehicles within three years, despite reservations about their high cost and long term future, according to Chrysler president and CEO Dieter Zetsche.
Court hearings have ended in the US lawsuit brought by Kirk Kerkorian's Tracinda Corp. alleging that Daimler-Benz's merger with Chrysler was in effect a take-over that deprived Chrysler shareholders of a fair offer.
DaimlerChrysler made an operating profit of $7.2 billion last year, compared to $8.6 billion in 2002. This figure included Chrysler restructuring expenses of $591 million. Total revenues in 2003 fell by 7% to $171.9 billion, though adjusted for currency translation effects, they increased by 3%.
Toyota has overtaken Ford by achieving the world's second biggest vehicle sales volume – 6.78 million units, 10% up on 2002 – against Ford's 6.72m units last year. Toyota also displaced Chrysler in 2003 as the third largest supplier of vehicles to the US market.
A judge in the case brought by Kirk Kerkorian against Juergen Schremmp and other DaimlerChrysler executives concluded on Monday that there was no evidence that Daimlerchrysler had deliberately withheld evidence.
