Daimler-Benz and Nissan to jointly develop truck

Article Abstract:

Daimler-Benz AG of Germany, the biggest industrial firm in Europe, has forged an deal with Nissan Motor Co., the No. 2 automaker in Japan, to join forces in developing a light truck aimed at Asian and other emerging markets. The two concerns plan to consolidate their light-truck development efforts into a joint venture group to be headquartered in Ageo, Japan. The partnership should bolster Daimler-Benz's plans to double its market share in Asia within the next ten years. On the part of Nissan, the partnership marks a welcome push to its struggling trick division, Nissan Diesel Co.

Comment:

Forges an deal with Daimler-Benz AG to join forces in developing a light truck aimed at Asian and other emerging markets

Japan, Strategic alliances, Light Truck and Utility Vehicle Manufacturing, Trucks, Light Duty, Daimler-Benz AG, Nissan Motor Company Ltd., Light duty trucks, Article

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BMW's new team signals its commitment to Rover

Article Abstract:

BMW's new management team has proclaimed its decision to revive its Rover division. Having been purchased by the German carmaker in 1994 for $1.11 billion at today's exchange rates, Rover has consistently produced disappointing results. There had been speculation that BMW would simply sell off its UK subsidiary. It now appears that the introduction of new Rover sedans will help the company to compete against European rivals such as Volkswagon and Renault.

Comment:

BMW's new management team proclaims its decision to revive its Rover division.

United Kingdom, Motor vehicles and car bodies, Strategy & planning, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Parent-to-subsidiary activities, Management, Transportation equipment industry, Rover Group PLC

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CEO resignation rumors send BMW shares higher

Article Abstract:

Bayerische Motoren Werke AG's (BMW) shares rose by 6.5% in value after the company's supervisory board reportedly decided to ask Bernd Pischetsrieder, the company's chief executive, to resign. It is believed that Mr. Pischetsrieder will be asked to resign because of the continuing losses at BMW's Rover unit in the UK. BMW's shares rose to 660 euros ($746.06) in Frankfurt, Germany. This represented a 40 euro increase.

Comment:

Shares rise 6.5% amid reports of CEO resignation

Executive changes & profiles, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Securities prices, Motor Vehicles and Equipment, Securities

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