DaimlerChrysler decides to try a little openness

Article Abstract:

DaimlerChrysler AG has said that it would begun holding more open discussions with its investors. The move is an attempt by the car maker to attract investors back to the company's shares. Recently, DaimlerChrysler has seen its share value fall. The company has started to provide greater information to analysts. Such information includes monthly production predictions. DaimlerChrysler has also begun to make more hints about its future earnings forecasts.

United States, Stockholder data, Investor relations

---

DaimlerChrysler earnings disappoint

Article Abstract:

DaimlerChrysler AG posted a decline of 0.3% in net income for the second-quarter of 1999. The company posted disappointing earnings for the perod. DaimlerChrysler's net income reached $1.53 billion (1.43 billion euros) for the period. The net income figure was adjusted for a one-time charge from the initial public offering of DaimlerChrysler's telecommunications division. The car maker's quarterly revenue increased 10% to $38.48 billion.

Comment:

Posts decline of 0.3% in net income for second-quarter of 1999

Sales, profits & dividends, Finance

---

UAW again loses union bid at Nissan factory in U.S

Article Abstract:

United Auto Workers' (UAW) bid to become the workers' representative at Nissan Motor Co.'s Smyrna, Tennessee plant has been voted down in an election. Nissan has 4,800 workers in the Smyrna plant.

Personnel administration, Motor Vehicles and Equipment, Tennessee, Elections, Labor relations, Buildings and facilities, United Automobile Workers, Nissan Motor Company Ltd., Smyrna, Tennessee

Similar abstracts:

• Abstracts: DaimlerChrysler sells 2 units to Swedish equity firm EQT. Bayer & Merck KgaA raise stakes in Schering
• Abstracts: Volkswagen's earnings show the road is rough. DaimlerChrysler considers cutting jobs in Germany
• Abstracts: Rolls-Royce to cut 5,000 staff positions as demand drops. Pratt & Whitney to cut U.S. staff by 6.8%. GE's aircraft-engine unit to cut jobs
• Abstracts: Telecom Italia continues push to fend off Olivetti. How Bonn stripped Deutsche Telekom of its monopoly. AT&T capital outlay to fall by at least 20% next year

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