This page will contain external links about DaimlerChrysler, as they become available.DaimlerChryslerDaimlerChrysler AG (Xetra: DCX), NYSE: DCX, has its headquarters in Stuttgart, Germany and is a prominent automobile and truck manufacturer. DaimlerChrysler was formed in 1998 by the buyout of the Chrysler Corporation (USA) by Daimler-Benz (Germany). The buyout was announced as a "merger of equals" on May 7 but actually took place on November 12 and was not revealed to be a buyout until 2003. The company produces cars and trucks under the brands Chrysler, Dodge, Jeep®, Mercedes-Benz, Smart, and Maybach, among others. The Chrysler Group (Chrysler, Jeep and Dodge) also provides its customers with parts and accessories marketed under the Mopar® brand name. DaimlerChrysler also has a stake in the Japanese car company Mitsubishi as well as the car operations of Korean manufacturer Hyundai. Its stake in Mitsubishi was 37%, but because it did not participate in a new capital increase in April 2004, it is now at 22%. ControversyIn 2002, the merged company appeared to run two independent product lines, with few signs of corporate integration. In 2003 however, it was revealed by the Detroit News that the "merger of equals" was, in fact, a buyout. This news came forth as new products such as the Chrysler Crossfire (using extensive Mercedes parts) and the Dodge Sprinter/Freightliner Sprinter (a rebadged Mercedes-Benz Sprinter van came to market. Future cars are to share platforms across all of DaimlerChrysler's brands. The $36 billion deception became the focal point of several lawsuits, including one filed by billionaire investor Kirk Kerkorian, and also a book (Taken for a Ride: How Daimler-Benz Drove Off With Chrysler, (2000) by Bill Vlasic and Bradley A. Stertz). One class action lawsuit was settled in August 2003 for $300 million. The German auto giant is also the target of a lawsuit alleging that buyers were subjected to racial slurs and discrimination. On April 7, 2005 a conclusion was announced by U.S. District Judge Joseph Farnan Jr. presiding over a bench trial in Wilmington, Del. between Kirk Kerkorian and DaimlerChrysler AG regarding the same elements of argument from the settled August 2003 case although the Judge in Kerkorian's case was found to be in favor of DaimlerChrysler's position by rejecting Kerkorian's allegations. LeadershipChairman Jurgen E. Schrempp has announced that he will be resigning from his position at the end of 2005 as head of the world's fifth largest auto manufacturer and Europe's largest corporation. In an agreement with the board of directors and Schrempp, he will terminate his employment with the company early (his contract ran through 2008). Schrempp has been blamed for the fall of the company since Daimler-Benz's merger with the Chrysler Group in 1998 of which he was the architect of. Currently the Mercedes-Benz Car Group has reported losses while the Chrysler group has reported gains of nearly (7%). Dieter Zetsche, currently President and CEO of the Chrysler Group, will take Schrempp's place on January 1, 2006. BrandsDaimlerChrysler sells automobiles under a number of marques worldwide:
HoldingsDaimlerChrysler currently holds interests in the following companies:
DaimlerChrysler sold its holdings in the following:
DiversityDaimlerChrysler was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine. This page about DaimlerChrysler includes information from a Wikipedia article. Additional articles about DaimlerChrysler News stories about DaimlerChrysler External links for DaimlerChrysler Videos for DaimlerChrysler Wikis about DaimlerChrysler Discussion Groups about DaimlerChrysler Blogs about DaimlerChrysler Images of DaimlerChrysler |
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DaimlerChrysler was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine. Dieter Zetsche, currently President and CEO of the Chrysler Group, will take Schrempp's place on January 1, 2006. J.P. Currently the Mercedes-Benz Car Group has reported losses while the Chrysler group has reported gains of nearly (7%). (Holder in Trust) 0.93%. Schrempp has been blamed for the fall of the company since Daimler-Benz's merger with the Chrysler Group in 1998 of which he was the architect of. The Master Trust Bank of Japan, Ltd. In an agreement with the board of directors and Schrempp, he will terminate his employment with the company early (his contract ran through 2008). 0.97%. Schrempp has announced that he will be resigning from his position at the end of 2005 as head of the world's fifth largest auto manufacturer and Europe's largest corporation. Morgan Whitefriars Inc. Chairman Jurgen E. J.P. between Kirk Kerkorian and DaimlerChrysler AG regarding the same elements of argument from the settled August 2003 case although the Judge in Kerkorian's case was found to be in favor of DaimlerChrysler's position by rejecting Kerkorian's allegations. The Mitsubishi Trust and Banking Corporation 1.45%. presiding over a bench trial in Wilmington, Del. 1.63%. District Judge Joseph Farnan Jr. The Bank of Tokyo-Mitsubishi, Ltd. On April 7, 2005 a conclusion was announced by U.S. DaimlerChrysler MMC Beteiligungsgesellschaft mbH 1.83%. The German auto giant is also the target of a lawsuit alleging that buyers were subjected to racial slurs and discrimination. 1.89%. One class action lawsuit was settled in August 2003 for $300 million. Phoenix Capital Partners III Co., Ltd. Stertz). Morgan Whitefriars Equity Derivative 2.22%. The $36 billion deception became the focal point of several lawsuits, including one filed by billionaire investor Kirk Kerkorian, and also a book (Taken for a Ride: How Daimler-Benz Drove Off With Chrysler, (2000) by Bill Vlasic and Bradley A. Japan Securities Finance Co., Ltd 2.85%. Future cars are to share platforms across all of DaimlerChrysler's brands. Mitsubishi Corporation 2.92%. This news came forth as new products such as the Chrysler Crossfire (using extensive Mercedes parts) and the Dodge Sprinter/Freightliner Sprinter (a rebadged Mercedes-Benz Sprinter van came to market. 5.67%. In 2003 however, it was revealed by the Detroit News that the "merger of equals" was, in fact, a buyout. Phoenix Capital Partners II Co., Ltd. In 2002, the merged company appeared to run two independent product lines, with few signs of corporate integration. 8.30 %. . Mitsubishi Heavy Industries, Ltd. Its stake in Mitsubishi was 37%, but because it did not participate in a new capital increase in April 2004, it is now at 22%. 9.06%. DaimlerChrysler also has a stake in the Japanese car company Mitsubishi as well as the car operations of Korean manufacturer Hyundai. Phoenix Capital Partners IV Co., Ltd. The Chrysler Group (Chrysler, Jeep and Dodge) also provides its customers with parts and accessories marketed under the Mopar® brand name. 11.33%. The company produces cars and trucks under the brands Chrysler, Dodge, Jeep®, Mercedes-Benz, Smart, and Maybach, among others. Phoenix Capital Partners I Co., Ltd. The buyout was announced as a "merger of equals" on May 7 but actually took place on November 12 and was not revealed to be a buyout until 2003. DaimlerChrysler AG 18.88%. DaimlerChrysler was formed in 1998 by the buyout of the Chrysler Corporation (USA) by Daimler-Benz (Germany). The car has been well-received in the press and by the public, but its staying power and implications for the company as a whole remain to be seen. DaimlerChrysler AG (Xetra: DCX), NYSE: DCX, has its headquarters in Stuttgart, Germany and is a prominent automobile and truck manufacturer. These rumors proved unfounded, as evidenced by the debut of a fourth-generation Eclipse. Sold in August 2004 for US$900,000,000. In January 2005, there were rumours that Mitsubishi might withdraw from the United States. 10.5% Hyundai Motor Company - Bought in 2000 and 2001 for US$572,000,000. At this point however, this plan has not been put into action. Freightliner, LLC. Currently, Phoenix Capital has announced intentions to purchase a larger percent of Mitsubishi stock and turn the company into an exclusive manufacturer of sports cars and trucks/SUVs. 43% Mitsubishi Fuso Truck and Bus Corporation of Japan. With the introduction of a newer Lancer that figure may increase. 30.2% EADS, a parent company of Airbus (as of September 2002). While Russia is still a developing market, Mitsubishi's sales there have already exceeded previous-year sales, and 2005 sales are expected to increase over 70%. 37.1% Mitsubishi Motors Corporation of Japan (currently being sold). Despite this trend is Mitsubishi has seen remarkable growth in Russia. Detroit Diesel. Similarly, the launch of a new Galant, sold in the US from 2003, was staged over years rather than months, and as of mid-2005 it still has not replaced the mid-1990s model in many nations. MTU Friedrichshafen. Until then, MMC's Thai plant was still producing its predecessor for both domestic and export markets. Engine Brands
Sterling Trucks. Mitsubishi has also been active in OEM production of cars for Nissan, and has just (July 2005) announced a partnership with PSA Peugeot Citroën to manufacture an SUV. Setra. It will, however, get a version of the Dodge Dakota pickup truck, and will continue work with DC on future small cars. Mitsubishi Fuso. In August, 2004, Mitsubishi announced that it would not continue with a plan to have DaimlerChrysler produce a minivan for it. Mercedes-Benz. In July, 2004, Mitsubishi announced that it would immediately cancel the slow-selling Diamante, Lancer Sportback station wagon, Montero Sport, and (in 2005) the Montero in the US market, and would scale back purchase projections for the Mitsubishi/Hyundai/Chrysler Global Engine Manufacturing Alliance engines. Freightliner. At the end of the 3rd qurater, the half year result between April to Sept 2004 showed the company suffered net loss of over 146 billion yen during the period. Commercial Vehicle Brands
Jeep. In June, 2004, Mitsubishi Motors admitted it had systematically covered up auto defects for 25 years. Dodge. However, the company showed marginal year-on-year improvement as of June 2005, indicating that the company's slump may be bottoming out, or even a possible return to form. Chrysler. Mitsubishi's sales in the important US market dropped more than 45 per cent between 2003 and 2004, and the company has fallen behind Mazda in terms of total US sales. Chrysler Group
smart. Mitsubishi is also facing accusations of actively searching for the names of drivers who race their Lancer Evolutions in order to void their warranties (car companies usually void warranties if they find out the customer has raced the vehicle, legitimately or not). Mercedes-Benz. Mitsubishi Motor's parent company is dealing with multiple controversies over unfair business practices, the quality of its products, and the mistreatment of employees (for more details, see Mitsubishi article). Maybach. Ironically, the US youth market aided in the company's economic misfortunes because young buyers would default on their car loans, especially on expensive sports cars like the Eclipse and GTO. Global Electric Microcars (GEM). With the exception of the Lancer Evolution rally homologation car and Endeavor SUV, sales have dropped drastically, especially in the critical US 18–35 youth market the company once had a hold of. Mercedes Car Group
Many of Mitsubishi's early exports bore Chrysler brands such as Chrysler Valiant (in Australia), Dodge and Plymouth. That began changing in the United States in 1982. For many years, Mitsubishi did not sell in North America under its own brand. Some Chrysler cars use Mitsubishi componentry, but have been gravitating toward more use of Mercedes-Benz componentry, which is considered superior. Mitsubishi has been engaged in a long-term venture with Chrysler (now DaimlerChrysler), assembling a series of cars and trucks for Chrysler brands since the 1970s. . Mitsubishis are manufactured globally and exported into most major markets, including the Far East, Europe, and the U.S.. Mitsubishi Motors Corporation (in Japanese: 三菱自動車工業株式会社, in romaji Mitsubishi Jidōsha Kōgyō Kabushiki Kaisha) (TYO: 7211) is a Japanese automobile company, manufacturing an extensive range of cars and trucks (see Fuso). Gas Engine. Diesel Engine (plus to Industrial Engine). Gasoline Engine. Mitsubishi Tredia (1982 - 1990). Mitsubishi Strada (1991 - Current). Mitsubishi Starion (1982 - 1990). Mitsubishi Space Star & Expo, Chariot (from Hyundai Santamo, Kia Carstar and Plymouth Colt Vista, Eagle Summit Van Wagon). Mitsubishi Space gear (from Hyundai Starex, 1994 - Current). Mitsubishi Sapporo (from, Plymouth Sapporo, 1976 - 1983). Mitsubishi RVR (1991 - Current). Mitsubishi Raider (2005 - Current). Mitsubishi Proudia (from Hyundai Equus, 1997 - 2004). Mitsubishi Precis (from Hyundai Excel, 1986 - 1994). Mitsubishi Pajero Mini (1994 - Current). Mitsubishi Pajero Sport/Montero Sport/Challenger (1996 - 2004). Mitsubishi Pajero/Montero (from Hyundai Galloper, 1982 - Current). Mitsubishi Outlander (2003 - Current). Mitsubishi Nimbus (1983 - Current). Mitsubishi Mirage (1978 - 2001). Mitsubishi Minicab (1966 - Current). Mitsubishi Minica (1962 - Current). Mitsubishi Mighty Max (1982 - 1996). Mitsubishi Magna. Mitsubishi L200 (1987 - Current). Mitsubishi Lancer Evolution (1992 - Current). Mitsubishi Lancer (1973 - Current). Mitsubishi GTO (1990 - 1998). Mitsubishi Grandis. Mitsubishi Galant (from also USA & Canada manufacturing make to 1982, 1969 - Current). Mitsubishi FTO (1994 - 2000). Mitsubishi Forte (1970 - 1986). Mitsubishi Endeavor (2004 - Current). Mitsubishi eK (a Keicar). Mitsubishi Eclipse (1989 - Current). Mitsubishi Dion (2000 - Current). Mitsubishi Diamante (1990 - 2004). Mitsubishi Delica & Wagon Van, Colt Van (from Hyundai Grace and Hyundai Porter, 1968 - Current). Mitsubishi Debonair (from Hyundai Grandeur, 1964 - 1999). Mitsubishi Colt (from Dodge Colt and Plymouth Champ, 1965 - 1994). Mitsubishi Cordia (1982 - 1990). Mitsubishi Carisma (1995 - Current). Mitsubishi Airtrek (2001 - Current). Stuttgart Germany, London UK and Other Europe manufacturing systems. In Europe
Tonsley Park, Adelaide Mitsubishi Motors Australia Limited. In Australia
In the USA
Okazaki 岡崎 and Oe 大江 (Nagoya) (Aichi). In Japan
Trebur (Hessen (Germany)) Research. Worldwide
In Japan
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