UPDATE 2-DaimlerChrysler settles merger suit for $300 mln


(Releads, adds analyst, lawyer, updates shares) By Mark Thompson FRANKFURT, Aug 22 (Reuters) - DaimlerChrysler AG said on Friday it would pay $300 million to disgruntled former Chrysler investors to settle a lawsuit linked to the 1998 merger that created the group but would fight similar claims. DaimlerChrysler said the plaintiffs were initially seeking $22 billion in damages in the class action at the district court in Delaware. It said a similar suit brought by Tracinda, the ...

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Feb 22, 2018

2018 Wards 10 Best Engines Ceremony

Today, WardsAuto begins posting videos from the 2018 Wards 10 Best Engines celebration, held during the North American International Auto Show. In this segment, editors Drew Winter and Tom Murphy kick off the event. Beginning tomorrow, videos with each winning automaker's acceptance speech will begin posting, one daily, in alphabetical order....More


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