Chrysler defections called no big deal

Article Abstract:

DaimlerChrysler AG asserts that it is unaffected by the recent departure of several executives since Chrysler merged with Germany-based Daimler- Benz. The automaker saw the exit of five vice presidents following the completion of the merger, but CEO Juergen Schrempp said that it is unlikely that the company will look for officials from competitors. Schrempp expressed his confidence on the talent of DaimlerChrysler's 441,000 employees.

Executive changes & profiles, Automobile and Light Duty Motor Vehicle Manufacturing, Motor Vehicles, Daimler AG

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Delphi workers to get first crack at public stock

Article Abstract:

US and foreign employees of General Motor's Delphi automotive parts subsidiary will get 25 to 100 shares as a "Founder's Grant" as part of the process in completing Delphi's initial public offering. US employees will be given the chance to purchase an extra 100 shares at the opening price. Stock market analysts opine that Delphi's shares could sell from $14 to $18 and would enable the firm to procure $2.1 billion in equity.

Organizational history, Motor Vehicle Parts Manufacturing, Personnel administration, Motor Vehicle Parts, Delphi Corp.

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