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Jaguar and Land Rover could strike a deal with Daimler

Monday, May 5th, 2008 by admin

components, daimler, dieter zetsche, DieterZetsche, ford, jaguar, land rover, LandRover, parts, tata, tata motors, TataMotors

The sale of Jaguar and Land Rover to Tata means that the two British marques will have to look elsewhere for the parts normally supplied by Ford. Following the news that Daimler could be a supplier to both automakers comes word from Dr. Z himself that a deal is a distinct possibility.

Daimler holds a seven-percent stake in Tata Motors, which could make an easy case for Mercedes to supply Jag and L.R. with the necessary components to wean them off of Ford. Dieter Zetsche told Auto Motor und Sport that, “If Ratan Tata approaches us regarding the supply of components, we would be open to talks.” AMG-powered XF, anyone?

[Source: Auto Motor und Sport via Automotive News – Sub. Req.]

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    • Posted in DaimlerChrysler, Plants/Manufacturing, jaguar, land rover, mercedes benz, tata | No Comments »

    Daimler reduces book value of Chrysler stake by two-thirds

    Saturday, May 3rd, 2008 by admin

    Cerberus, Chrysler, Daimler, earnings

    Daimler may have divested 80.1% of its ownership in Chrysler, but the German automaker is still feeling pain from the Pentastar. The value of Daimler’s portion of Chrysler has dropped from $2.18 billion to $852 million not even a year after the two parted ways. The loss of nearly $1.4 billion in value is a fair chunk of change, even for the mighty Daimler, but the news is not all bad for company shareholders. If Daimler hadn’t sold Chrysler to the private equity firm Cerberus as fast as it did, the automaker’s stock would likely be in much worse shape.

    Since the privately owned Chrysler, LLC doesn’t have to report earnings, it claims that its fiscal standing is all peaches and cream. According to Chrysler, the company has had positive earnings since it was bought out by Cerberus last year. The official line that explains the discrepancy with Daimler’s reporting is that U.S. accounting rules are much more favorable than those overseas. Damn accountants.
    [Source: Automotive News - subs. req’d]

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    • Posted in Chrysler, DaimlerChrysler, Earnings/Financials, Tec News, mercedes benz | No Comments »