investors own DaimlerChrysler.
Group Headquarters: Stuttgart, Deutschland, and Auburn Hills, Michigan, USA
Chairmen: Robert J. Eaton and Jürgen E. Schrempp
Market Capitalization: Currently about EUR 80 ($74) billion
Total Revenues: 1998: EUR 131.8 ($112) billion
Investments: 1999-2001: EUR 46 ($38) billion to be invested in the future of DaimlerChrysler
Automotive Sales: 4.5 million units in 1998 (Passenger Cars and Commercial Vehicles)
Employees: 441,500 at the end of 1998
Global Brands: Mercedes-Benz, Chrysler, Plymouth, Jeep®, Dodge, smart, Freightliner, Sterling, Setra,
Airbus, Eurocopter, Ariane, debis, Adtranz, MTU, TEMIC.
Chronology of the inception of the DailmerChrysler.
The DaimlerChrysler merger took approximately one year. The process began when Jurgen Schrempp, President of Mercedes-Benz and Robert Eaton, Chief Executive Officer (CEO) of the Chrysler Corporation, met to discuss the possible merger on January 18, 1998. After receiving approval from a number of groups, the merger was completed on November 12, 1998.
January 12: Mercedes-Benz and Chrysler met to discuss the possible merger.
May 6: Merger agreement was signed in London.
May 7: Merger agreement was announced worldwide.
May 14: Daimler-Benz Supervisory Board agreed to merger.
July 23: European Commission approved the merger.
July 31: Federal Trade Commission approved the merger.
August 6: DaimlerChrysler announced that their shares would trade as "global stock" instead of American Depository Receipts.
September 18: 97% of Chrysler shareholders and 80% of Daimler-Benz shareholders approved the merger.
November 12: DaimlerChrysler merger was completed.
Certain terms were established concerning the merger of Chrysler and Daimler. These terms affect many different areas of the combined entity.
a. Daiml...