Automotive Industry
Industry: Email Alert RSS FeedProspect of Chrysler sale lifts D/C.(News)
Automotive News Europe, April, 2007
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Byline: Sylviane de Saint-Seine
Shares of DaimlerChrysler soared in the first quarter on expectations of a sale of the loss-making Chrysler Group.
D/C also rose as share purchases by WestLB boosted demand for the stock. The automaker announced last week that the German bank had "temporarily" accumulated a 14 percent holding in its shares.
Shareholder returns for the German-American carmaker outperformed all other automaker stocks, jumping 31.16 percent in the quarter.
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The D/C stock was buoyed by news that several investors are either bidding or considering ...
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- 2007 utility vehicle buyer's guide: Side-By-Sides are popular; here's who ...
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- Buell Motorcycle engineering, innovation, & dedication: in an industry ...
- 100 + 10: America's oldest automotive magazine celebrates its 110th year ...
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