The Germans are in the driving seat
Article Abstract:
The merger of Chrysler and Daimler-Benz is an extremely significant development, especially as Chrysler has for many years been a national icon in the US. Chrysler has been performing well recently, and experts believe that this trend will continue after it merges with Daimler-Benz. The deal has particularly good prospects because there is almost no overlap between the two manufacturers' product ranges. Both companies will also benefit greatly from gaining a presence in each other's home markets.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Germans dominate in $90bn merger
Article Abstract:
The merger of car manufacturers Daimler-Benz and Chrysler will create a company with market capitalization of $90 billion and sales of 4 million units a year. Both companies are presenting the deal as a merger of equals, but industry experts believe that Daimler-Benz has managed to gain the dominant position. This company's shareholders will hold 57% of the shares of the new company, which will be registered in Germany and have a German-style two-tier board structure.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Daimler and Chrysler in merger talks
Article Abstract:
The planned merger of Chrysler and Daimler-Benz would create a company selling 3.9 million cars and light trucks a year, with automotive turnover of $114 billion a year. Both companies have emphasized that there is no guarantee that a merger deal will be agreed, but industry experts have expressed strong support for the plans. They feel that the benefits of a merger between these companies would be far greater than the disadvantages.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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