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DAIMLERCHRYSLER AG (DCX)--Headquartered in Stuttgart, Germany, and Auburn Hills, Mich. The company is owned by European, U.S. and other international investors; about 1.00 billion shares outstanding. DCX ordinary shares are traded on 19 major stock exchanges worldwide and the New York and Frankfurt stock exchanges. Total revenues in 2000 were more than $150.00 billion. The company sells more than 4.5 million vehicles annually and has plants in 34 countries. Its global brands include, Mercedes-Benz, Chrysler, Plymouth, Jeep, Dodge, Smart, Freightliner, Sterling, Western Star, Sentra, Airbus, Eurocopter, Ariane, Debis, Adtranz, MTU, and TEMIC. Company products are sold in over 200 countries. Plant locations include, Belvidere, Ill (sub compact cars)., Toluca, Mexico (minivans), Sterling Heights, Mich. (compact cars), Santiago Tianguistenco, Mexico (Mercedes cars), Bramalea, Ontario, Canada (full-size cars), Conner, Mich. (sport cars), Lago Alberto, Mexico (light-trucks), St. Louis #2, Mo. (light-trucks), Warren Truck, Mich. (light-trucks), Newark, De. (suvs), Jefferson North, Mich. (suvs), Toledo Parkway, Ohio (suvs), Toledo Stickney, Ohio (suvs), Tuscaloosa, Ala. (Mercedes suvs), Pillette Road in Windsor, Ontario, Canada (vans), St. Louis #1, Mo (vans)., Windsor, Ontario, Canada (vans), Valencia, Venezuela (B-class), Campo Largo, Brazil (light trucks), Cordoba, Argentina (suvs), Gonzales Catan, Argentina (vans)
DaimlerChrysler acquired a 34 per cent equity stake during 2000 in Mitsubishi Motors Corp. (MSBHY) of Japan for 2.10 billion through a capital increase. The new alliance created the worlds third-largest auto manufacturer, a ranking formerly occupied by leading Japanese car and truck-maker Toyota Motor Corp. (TM). The alliance covers the design, development, production and distribution of passenger cars and light commercial vehicles. The agreement will not include cooperation on medium- and heavy-duty vehicles.
It embarked on a major restructuring of its ailing Chrysler Group and Freightliner LLC commercial truck unit during 2000-2001. The Freightliner unit lost nearly $1.20 billion in 200`, a complete reversal from a $900.0 million gain in 2000. Massive reorganization is under way at the unit.