Chrysler, Daimler leaders already have a plan, as shareholders vote on merger

Article Abstract:

Chrysler Corp. and Daimler Benz AG are now prepared to merge into a single entity, even as shareholders in Stuttgart, Germany, and Wilmington, Delaware, prepare to vote on the merger on Sep. 18, 1998. Top officials of both firms have already charted a plan to iron out possible conflicts ensuing from the merger. In addition to plans for developing a new common culture that will not confuse employees and customers, Chrysler and Daimler officials have also come up with plans to ensure that the merged firm will deliver the $1.4 billion in cost savings predicted for 1999. However, the same officials admit that there are still areas that the two firms need to work on, such as the product plans of each of company, to ensure the merger's success.

Comment:

Is now prepared to merge into a single entity w/ Chrysler Corp

Acquisitions & mergers, Germany, Daimler-Benz AG, Chrysler Corp., Article

---

GM expects new pickups to realize higher margins

Article Abstract:

Detroit, USA - General Motors Corp. is expecting its new full-size pickup trucks to earn higher profit margins, adding as much as $400 million, or 50 cents a share, to after-tax profits this year. GM expects its new trucks to command profit margins 2 percentage points above those of the older models. GM said it plans to build roughly 250,000 more full-size trucks this year than the 725,000 it made in 1998.

Motor vehicles and car bodies, Trucks, Motor Vehicle Manufacturing, Strategy & planning, Sales, profits & dividends, Forecasts, trends, outlooks, Sales & consumption, Planning, GM

---

Smale's retirement at GM may spur more changes

Article Abstract:

General Motors Corp.'s (GM) lead director, John Smale, is planning to retire from his post in the year 2000. Mr. Smale was responsible for putting GM's existing management team in place. The retirement of Mr. Smale is expected to bring about additional changes in the company.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Abstract, Transportation equipment industry, Smale, John G.

Similar abstracts:

• Abstracts: Daimler, Chrysler urge share tenders, push for S&P 500 listing after merger
• Abstracts: Amsterdam real estate market is booming. Ahold cancels purchase of Pathmark
• Abstracts: Small shareholders may play big role in LucasVarity vote on listing shift. Tetley scraps plans for $653.4 million offer
• Abstracts: Royal & Sun elicits curiosity as it seeks cash. LTCM rescue shines light on hedge funds. Salomon expands U.K. mergers group
• Abstracts: The French market for textile washing products: companies & their strategies: key players: detergents. The Benelux market for textile washing products: companies & their strategies: key players: others

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.