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DaimlerChrysler AG transferred an 80.1 percent stake in Chrysler to New York-based Cerberus, one of the world’s largest private equity firms, in a $7.4 billion deal. The German automaker retained a 19.9 percent interest in the new company, Chrysler LLC.

“After months of uncertainty, then a period of transition, we are beginning a new chapter in Chrysler’s proud history — and we have the chance to write a terrific story,” Chrysler Chief Executive Tom LaSorda said in an e-mail to employees.

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Chrysler Group signed a deal Wednesday with China’s biggest automaker, Chery, to launch a low-cost production venture that could export the first Chinese-made cars to the United States.

The first cars will reach Latin America or Eastern Europe within a year and models should be exported to North America and Western Europe in 21/2 years, said Chrysler CEO Tom LaSorda.

“As part of the Chrysler Group’s global transformation, we are finding new ways to bring vehicles to market faster, more efficiently and with less cost,” LaSorda said at a signing ceremony.

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Chrysler loses money for Daimler
Mercury News: AUBURN HILLS, Mich. - Chrysler lost money in the second quarter, its last under the wing of German automaker DaimlerChrysler, its former parent said Wednesday.

Muscle Car Wars: Dutch Auto Site Reports Cerberus To Deny Dodge Challenger To Europe, Limit Supply In US
We didn?t mean to have two posts up this morning on the new retro muscle car from Dodge, but after we reported the somewhat old and obvious news that the Challenger would be coming in an SRT model,?

Fri, 31 Aug 2007 07:45:00 -0700
LaSorda: Steady As She Goes

Mr. LaSorda said at a press conference at the company’s Windsor, ON assembly plant, “”The plan is robust, but we’ll have to wait and see what happens in the economy”. The plan calls for 13,000 job cuts and closure of one assembly plant in 2008.

Saved By: chloelm001 | View Details | Give Thanks
Tags: Chrysler, LaSorda, Nardelli, cars, car maker

Sun, 26 August 2007 17:29:06 PDT
Locate Towson Chrysler dealerships in Owings Mi
Locate Towson Chrysler dealerships in Owings Mi1 min 0 sec - Jan 1, 1970 Locate Towson Chrysler dealerships in Owings Mill, Maryland and Silver Springs Super deals and great prices on Chrysler. Locate Towson Chrysler dealerships in Maryland. Find new and used Chrysler vehicles for sale in Silver Springs, Bel Air and Owing Mills. Quick video of the Chrysler and Corvette Z06 used by at the Owing Mills race. Recorded from inside a rescue truck at turn 8. This videoclip was taken a while ago but may help you when considering purchasing a similar vehicle. You can see…

Wed, 31 Dec 1969 16:00:00 PST
Hawaiian Concert Guide Show 121>
Your Podscope hit is at 27:07
Aloha mai kakou,
Sean & Robi
S & R
Please Kokua!
Please consider contributing to our fund raise (at right). We are hoping to raise $500 towards new sound processing equipment. We appreciate your kokua! This evening’s podcast features music from Israel Kamakawiwo’ole, Raiatea Helm, Kamau, Jim Kimo West, Nalani Kanaka’ole & Halau o Kekuhi, Tony Conjugacion and The Ka’au Crater Boys. See the song list below for links to purchase their albums:
Click here to hear this show:
Songs featured in this podcast include:
E Ku`u Sweet Lei Poina `Ole Raiatea Helm Hawaiian Blossom
My Dede Raiatea Helm Hawaiian Blossom
Hula Lady / Honolulu I Am Coming Back Again (Medley) Sean & Robi S & R
Where Is The Love Sean & Robi S & R
Come To Me Kaipo Hale My Thoughts My Music My Life
‘O Wai ‘Oe? Kaipo Hale My Thoughts My Music My Life
Let’s Talk Story Hawaiian Style Band Vanishing Treasures
No Ke Ano Ahiahi Hawaiian Style Band Vanishing Treasures
As always, all music featured here on the Hawaiian Concert Guide is presented in an effort to entice my listeners to attend these concerts and purchase music. All music is readily available from http://www.mele.com. When you place your order, please tell Auntie Maria that you heard about her on the Hawaiian Concert Guide!
Mahalo nui for staying subscribed! Please share with your friends by sending an email to everyone you know who might be interested in Hawaiian concert events on the mainland!
Please definitely take a moment to subscribe to the Hawaiian Concert Guide mailing list. This list will be used to announce each podcast as well as to inform the listeners to any last minute, late-breaking concert event changes. Simple fill out the simple form in the left-hand navigation bar.
A hui hou,
Piko
CafePress Hawaiian Concert Guide
merchandise now available.
Buy now! Click here:

Sun, 19 Aug 2007 21:00:00 -0400

The eight banks underwriting the [pound]11bn takeover of Alliance Boots by KKR and the retailer’s deputy chairman Stefano Pessina failed to syndicate [pound]5.1bn of senior debt, with sources close to the deal citing market conditions.

Peter Duda, a Cerberus spokesman, said Tuesday that the Federal Trade Commission made its decision before the end of a standard 30- day review.

Early termination of an FTC review typically signifies there will be no conditions placed on the deal. The FTC declined to comment Tuesday.

DaimlerChrysler agreed last month to transfer an 80.1 percent stake in its money-losing Chrysler unit to New York-based Cerberus.

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As part of the deal, Cerberus agreed to invest $6.1 billion in Chrysler and its financing arm and to pay DaimlerChrysler $1.4 billion. DaimlerChrysler would remain liable for certain expenses that could result in it paying Cerberus up to $1.5 billion to complete the transaction.

Cerberus, however, has agreed to take on $19 billion of the auto company’s long-term retiree health-care costs.

The companies expect to close the deal in the third quarter, Duda said. Daimler’s board approved the transaction last month.

The Chrysler purchase expands Cerberus’ automotive holdings, which include a 51 percent stake in GMAC Financial Services. It also owns Guilford Mills, the largest automotive seating supplier in the U.S., and Peguform Group, a German-based manufacturer of interior and exterior plastic parts used in autos.

Shares of DaimlerChrysler dropped 9 cents to $92.28 in after- hours trading, after increasing 22 cents to close at $92.37 in the regular trading session Tuesday.

Charger burnout

A Charger does a burnout leaving the Chrysler car show.

Author: BURNSURVIVOR725
Keywords: dodge charger burnout
Added: August 30, 2007

Thu, 30 Aug 2007 01:50:17 -0700
Man charged with killing mom
A Brunswick man was arrested Thursday and later charged with murder in the slaying of his mother.

Fri, 31 Aug 2007 05:00:01 GMT
Gate to Hell / Seeking World Domination : Germany
Gate to Hell / Seeking World Domination : GermanyToday I like to once again warn you about Germany (even to this day they refer to themselves as Hitlerdeutschland. This tiny little country has an extremely violent history. Germans have more blood on their hands than anybody else on this planet. There have been two world wars in the h…Read the full post from STR : THE FREEDOM BLOGTags: Society, Germany, German, Mercedes, nazis, octoberfest, america’s enemies
via Blogdigger blog search for chrysler.

Fri, 31 Aug 2007 00:01:29 EDT
Industry News: Quality is job one at…”The New Chrysler?” …
Jalopnik: Quality is job one at…”The New Chrysler ?”

The New Chrysler Conference Call to Announce August 2007 Sales
Forbes - What: Telephone conference call to discuss The New Chrysler’s August sales Who: Darryl Jackson, Vice President - U.S. Sales, Chrysler Michael Keegan, Vice President - Volume Planning and Sales Operations, Chrysler When: Tuesday, Sept. 4, 2007 - 3:30 …

30 Aug 07 16:01:00 UTC

The board of the reorganized Chrysler LLC elected Nardelli as chairman and chief executive, according to a person familiar with the decision. The person spoke on condition of anonymity because the appointment was to be officially announced today.

Nardelli, who became chief executive of The Home Depot Inc. in 2000, resigned abruptly in January after criticism over his pay and the company’s slumping share price.

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Former Chrysler executive Wolfgang Bernhard, a senior adviser to Cerberus, had been widely expected to be named chairman. He was offered a position with the company but elected not to accept it, the person said.

Tom LaSorda, who led Chrysler as a unit of DaimlerChrysler AG, was named vice chairman and president of Chrysler, reporting to Nardelli, the person said.

Chrysler’s chief operating officer, Eric Ridenour, decided to leave the automaker after 23 years, the person said.

On Friday, DaimlerChrysler transferred an 80.1 percent stake in Chrysler to New York-based Cerberus Capital Management LP, one of the world’s largest private equity companies, in a $7.4 billion deal.

The German automaker, which is to be renamed Daimler AG, retained a 19.9 percent interest in Chrysler.

Ford’s sales were down 12 percent for the year. The company said one bright spot was sales of crossover vehicles, which were up 40 percent for the month thanks to new entries like the Ford Edge and Lincoln MKX.

DaimlerChrysler AG said its U.S. sales fell 9.1 percent in July. Chrysler Group said sales were down 8.4 percent for the month, while Mercedes-Benz said U.S. sales fell 13.9 percent from the same month a year ago.

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Erich Merkle, vice president of forecasting for auto consulting company IRN Inc. in Grand Rapids, said with high gas prices and rising rates on adjustable mortgages and home equity loans, consumers simply have less money to buy cars.

“You’ve got a consumer right now that’s really being stretched,” Merkle said. “In many cases debt levels are incredibly high to the point where you’re seeing a lot of foreclosures.”

The Associated Press reports unadjusted figures, calculating the percentage change in the total number of vehicles sold in one month compared with the same month a year earlier. Some automakers report percentages adjusted for sales days. There were 24 sales days last month and 25 in July 2006.

2007 Labor Day Festival calendar
Grand opening of Design 99, 10022 Joseph Campau 2 p.m. - Greg Kowalski will do a slide presentation and signing of his new book, “Hamtramck: The World War II Years” at the library.

Thu, 30 Aug 2007 17:40:24 GMT
Open Question: Engine Building 1967 383 Mopar/Dodge/Plymouth/Chrysler ???
Putting together a 67 383 bored.30 with TRW Dome Pistons/ with 452 heads… What size headgaskets will I need and what is the best cam and lifters for this engine to put it at 10:1 compression…
Any guidance will be greatly appreciated…

Thu, 30 Aug 2007 01:54:48 GMT
Z DAUNTLESS>
Your Podscope hit is at 32:42
FROM THE OLD WORLD TO THE NEW, PERSECUTION PREVAILS. SOLO WALK TO SHUT OUT SATANICA. ALL ORGANIZATIONS ARE INFULTRATED. HOUR 1 OF SPIRIT TALK SUNDAY.

Sun, 19 Aug 2007 12:25:00 -0400
Zetsche: Keep Chrysler stake (Detroit News)
Soon-to-be-Daimler AG has reduced its exposure to the turmoil in the U.S. auto industry by selling a majority stake in Chrysler, but it expects to hold on to its remaining 19.9 percent interest in the Auburn Hills carmaker.

Thu, 30 Aug 2007 06:17:46 GMT
DaimlerChrysler to keep Chrysler stake - CEO - Reuters
Driving.caDaimlerChrysler to keep Chrysler stake - CEOReuters - Aug 29, 2007DE: Quote, Profile, Research) has no intention whatsoever at this stage to sell its remaining 19.9 percent stake in US arm Chrysler, Chief Executive Dieter …PRESS DIGEST - New York Times business news - Aug 30 Reuters.ukDaimlerChrysler plans up to $10 bln share buyback Reuters Indiaall 20 news articles

Wed, 29 Aug 2007 14:58:44 GMT

Former Treasury Secretary John Snow, who is chairman of Cerberus Capital Management LP, said the U.S. auto industry is poised for a turnaround.

“We want to be there to help the turn and benefit our investors from the turn,” he told the Detroit Economic Club.

Snow said Cerberus likes Chrysler CEO Tom LaSorda’s recovery plan, and taking the company private will give LaSorda time to implement the plan. The plan calls for a return to profitability by 2009.

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Cerberus has 150 corporate managers who advise the companies it acquires, including former Volkswagen AG and Chrysler executive Wolfgang Bernhard, who is assigned to Chrysler. But Snow insisted that Bernhard is not running the company.

“They’re running the place. They’re accountable,” he said of LaSorda’s team.

DaimlerChrysler AG — the maker of Mercedes luxury cars — agreed in May to transfer an 80.1 percent stake in its U.S.-based Chrysler unit to New York-based Cerberus.

As part of the deal, Cerberus agreed to invest $6.1 billion in Chrysler and its financing arm and to pay DaimlerChrysler $1.4 billion.

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