Chrysler talk sends Daimler to 5-1/2-year high
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Shares in DaimlerChrysler (DCXGn.DE)  extended last week's rally to touch their highest level since  August 2001 on Monday amid continued speculation it could sell  or spin off loss-making U.S. arm Chrysler.
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Reporting record performance for 2007, German luxury car maker Daimler forecast on Thursday more moderate growth in 2008 owing to a weakening global economy and the effects of the US housing crisis.
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Speaking in Geneva, the chief executive of DaimlerChrysler said the all options were open for the Chrysler Groupâs financing arm.
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DaimlerChrysler AG's (DCXGn.DE)  Chrysler Group and General Motors Corp.  are in talks on  a joint project that would provide Chrysler with a version of  the big Chevrolet Tahoe sport utility, the New York Times said  on Friday, citing people with direct knowledge of the talks.
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Nissan is in talks with Chrysler on a possible manufacturing agreement.
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German-US auto giant DaimlerChrysler no longer rules out the sale of its loss-making US subsidiary Chrysler and may present a plan at its annual earnings news conference later, newspapers have reported.
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Daimler&#39;s sales rose 4.7% to 188,492 vehicles from 185,535 a year ago. Year-to-date, sales were up 3% to 1.8 million, while US sales at its Mercedes-Benz unit slipped to 18,323 from 19,273.
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DaimlerChrysler  may communicate its future strategy for loss-making U.S. arm only in weeks or months, the world's fifth-biggest carmaker said on Thursday.
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Ford (NYSE: F) may have proclaimed the 2005 model year as the &quot;Year of the Car,&quot; but DaimlerChrysler (NYSE: DCX) threatens to steal its thunder in 2005 and beyond.
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German carmaker Daimler (DAIGn.DE)  aims for higher growth and to be one of the world's most  profitable car manufacturers, its chief executive told workers  in a letter, Frankfurter Allgemeine Sonntagszeitung reported.
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Net income was 1.7 billion euros ($2.5 billion) in contrast to a loss of 12 million euros in the period a year earlier, Daimler said.
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German-US car giant DaimlerChrysler said that it was able to lift overall vehicle sales last year, thanks to the strong performance of its Chrysler and Smart cars, while sales of its prestigious Mercedes brand declined.
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DaimlerChrysler (DCXGn.DE)   shareholder DWS has called on the carmaker's management to  consider a spin-off of the firm's ailing U.S. Chrysler unit as  an option as it gets ready to unveil its latest restructuring  plan for Chrysler, a German newspaper reported.
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DaimlerChrysler  may communicate its future strategy for its loss-making U.S. arm only in weeks or months, the world's fifth-biggest carmaker said on Thursday.
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German carmaker DaimlerChrysler AG on Wednesday said its total US vehicle sales grew 1.6 percent in October, with a slight rise in sales of Chrysler Group vehicles offset by waning demand at the Mercedes-Benz group.
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Daimler posted its first quarterly loss since 2003, with charges of $3.7 billion from the sale of Chrysler, but analysts cheered big gains by its Mercedes-Benz Car Group.
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The disclosure that DaimlerChrysler might sell or spin off its Chrysler unit has put the spring back into its stock.