How merger mania has been a disaster for the world's great car manufacturers THE star of the huge Frankfurt Motor Show, which opens on September 12th, may well be the latest luxury Mercedes-Benz S-class, the model on which the German company is relying to...
WILMINGTON, United States AFP — Billionaire investor Kirk Kerkorian appealed a federal judge's ruling rejecting his one billion dollar lawsuit against DaimlerChrysler charging the German automaker misled Chrysler shareholders in the 1998 merger of Daimler-Benz and Chrysler. "We disagree with the Court's ruling," attorney for casino billionaire Kerkorian, Terry...
Six years after the last wave of consolidation, Europe's defence companies are looking at merger targets again BACK in the early 1990s, when America cut defence spending at the end of the cold war, rationalisation of its defence industry proved relatively easy. The Pentagon...
Mergers and deals have left Europe's car industry in a surprisingly healthy state THE car industry has been consolidating almost since it was born. In the late 1920s there were 270 car companies, mostly in America, before the Big Three gobbled them all up....
WILMINGTON, United States AFP ? DaimlerChrysler chairman Juergen Schrempp returned to the witness stand as the court case surrounding the 1998 merger of Germany's Daimler-Benz and US automaker Chrysler resumed after a two-month hiatus. The German executive is a key witness in a 1.2-billion-dollar lawsuit brought by US billionaire...
WASHINGTON, AFP ? A three-year legal battle over the mega-merger between Germany's Daimler-Benz and US-based Chrysler comes to a head Monday with a trial set to open in a lawsuit by billionaire Kirk Kerkorian. The trial to open in federal court in Wilmington, Delaware, has a star-studded cast of...
When Aerospatiale Matra and DaimlerChrysler Aerospace merge this quarter, the combined companies will form EADS (European Aerionautics, Defense and Space), the largest aircraft maker in Europe and third worldwide behind Boeing and Lockheed Martin. The new company will be headquartered in The Netherlands, employ 89,000 people,...
Knight Ridder/Tribune Business News Jul. 27 -- Rumors of a merger between the two biggest partners in the Airbus consortium are being viewed with skepticism by American analysts. The current rumor comes from the German magazine Der Spiegel, which over the...
The European defence consolidation dance has quickened a little. With the impending merger between DaimlerChrysler Aerospace Dasa and Spain's Construcciones Aeronauticas Casa, the waltz has become a foxtrot, if not quite a tango. Politicians have been the greatest proponents of a single European defence company, and many might now...
Completed last November, the DaimlerChrysler merger at $40.5 billion is the largest merger of major automobile manufacturers in business history. Ford's announcement that it will acquire Volvo AB's passenger car division for $6.45 billion, subject to regulatory and stockholders' approval at presstime, further proves that not only is automobile manufacturing...
THE BIGGEST automotive news of late is on one hand monumental and on the other seemingly insignificant. From the monumental perspective, what we've known for years as the "Big Three" in American auto manufacturing is now the "Big Two," thanks to the deal that brought together number-three American automaker Chrysler...
MERGER FEVER gripped the motor industry again yesterday amid reports that DaimlerChrysler was preparing to take a one-third stake in the ailing Japanese car maker Nissan. The reports followed a meeting in Tokyo between the joint chairmen of DaimlerChrysler, Robert Eaton and Jurgen Schrempp, and the president of...
Knight Ridder/Tribune Business News Jan. 20 -- How much is it worth to sit in the cockpit of the Eurofighter? To Sir Richard Evans, the chairman of British Aerospace, the answer seems to be UKpound 1.7 billion. This is the premium BAe cheerfully admits...
DETROIT -- Further large mergers are likely among automakers because of a worldwide excess of assembly plants and the just- completed marriage of Daimler-Benz and Chrysler. Automakers around the globe have the ability to produce 70 million vehicles a year. But global demand has been around 50 million...
The merger of Daimler and Chrysler in 1998 was hailed by many as an inspiration, due to the good fit of both companies' products and markets. There now seems to be some trouble at DaimlerChrysler as they struggle to merge corporate cultures and locations.The merger of Daimler and Chrysler in...
Don't read doom into layoffs at DaimlerChrysler, AOL Time Warner, Lucent, Xerox. Many announced cutbacks won't have much economic bite... slowly phased in. DaimlerChrysler wouldn't even HAVE to pink-slip anyone. Normal attrition...retirements, job Don't read doom into layoffs at DaimlerChrysler, AOL Time ...
Detroit Diesel Corporation, DDC, Detroit, MI, has signed a definitive merger agreement with a subsidiary of DaimlerChrysler AG. Under the terms of the merger agreement, DaimlerChrysler, a shareholder of DDC since 1993 that currently owns 21.3% of t Detroit Diesel Corporation, DDC, Detroit, MI, has signed...
Bruce Kelly Pension funds and money managers are waiting for Standard & Poor's and other domestic index leaders to decide where in the world to put the new global auto giant, DaimlerChrysler AG. The merger of Germany's Daimler-Benz AG and the U.S.Bruce Kelly Pension funds...
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