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Daimler AG
Type Public (FWB: DAI, NYSE: DAI)
Founded 1998
Headquarters Flag of Germany Stuttgart, Germany
Key people Dr. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The Frankfurt Stock Exchange ( FWB Frankfurter Wertpapierbörse) is a Stock exchange located in Frankfurt, Germany. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) Stuttgart (ˈʃtʊtgaɐ̯t is the capital of the state of Baden-Württemberg in southern Germany. Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. Dieter Zetsche, Chairman
Industry Auto & Truck Manufacturers
Products Mercedes-Benz, Mercedes-AMG, Maybach, Smart, Western Star, Freightliner, Orion Bus, more
Revenue ▲€ 99. Dr Dieter Zetsche (born on May 5, 1953 in Istanbul, Turkey) is a German businessman and CEO of Daimler AG, Head of For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" The automotive industry is the industry involved in the design development manufacture marketing and sale of Motor vehicles In 2007 more than 73 million motor vehicles In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Mercedes-Benz is a German manufacturer of luxury Automobiles Buses coaches and Trucks It is currently a division of the Mercedes-AMG GmbH, commonly known as AMG (initially known as Aufrecht Melcher Großaspach) is the high performance division of Maybach-Motorenbau GmbH (ˈmaɪbax (founded 1909 is a German luxury car manufacturer Smart, formerly Smart GmbH (formerly MCC Smart GmbH is an automotive brand of Daimler AG, is a manufacturer of Microcars and superminis based Western Star Trucks is a Redford Township Michigan, United States based Manufacturer of Class 8 commercial Trucks Orion Bus Industries, previously Ontario In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services Please update other articles as well to avoid contradiction within Wikipedia e 4 billion[1] (2007)
Net income ▲€ 8. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. Please update other articles as well to avoid contradiction within Wikipedia e 7 billion [1] (2007)
Employees 272,382[1] (2007)
Website daimler.com

Daimler AG (ISIN: DE0007100000) (formerly DaimlerChrysler AG) is a German car corporation and the world's thirteenth largest car manufacturer. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Employment is a Contract between two parties, one being the employer and the other being the employee. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Aktiengesellschaft ('aktsiəngəzεlʃaft abbreviated AG) is a German term that refers to a Corporation that is limited by shares i An International Securities Identifying Number (ISIN uniquely identifies a security. The automotive industry is the industry involved in the design development manufacture marketing and sale of Motor vehicles In 2007 more than 73 million motor vehicles By revenue it is the largest German company. As well as automobiles, Daimler manufactures trucks and provides financial services through its Daimler Financial Services arm. This article is about the semi-truck For the North American use of the word see Pickup truck. Daimler Financial Services is the global financial services provider of Daimler AG, providing financing leasing insurance fleet management insurance services banking The company also owns major stakes in aerospace group EADS, auto engineers McLaren Group, Japanese truck maker Mitsubishi Fuso Truck and Bus Corporation and US automaker Chrysler Holding LLC. The European Aeronautic Defence and Space Company EADS NV ( EADS) is a large European aerospace corporation formed by the merger on July 10, The McLaren Group, based at the McLaren Technology Centre in Woking in the United Kingdom, is a group of companies created by Ron Dennis The Mitsubishi Fuso Truck and Bus Corporation (三菱ふそうトラック・バス株式会社 is a German -owned Japan -based manufacturer of Trucks Chrysler LLC is an American Automobile manufacturer that has been producing Automobiles since 1925

DaimlerChrysler was founded in 1998 when Mercedes-Benz manufacturer Daimler-Benz (1926-1998) of Stuttgart, Germany merged with the US-based Chrysler Corporation. Mercedes-Benz is a German manufacturer of luxury Automobiles Buses coaches and Trucks It is currently a division of the Daimler-Benz AG was a German manufacturer of automobiles motor vehicles and engines which was founded in 1926 Stuttgart (ˈʃtʊtgaɐ̯t is the capital of the state of Baden-Württemberg in southern Germany. Chrysler LLC is an American Automobile manufacturer that has been producing Automobiles since 1925 The deal created a new entity, DaimlerChrysler. However, the buyout failed to produce the trans-Atlantic automotive powerhouse dealmakers had hoped for, and DaimlerChrysler announced on 14 May 2007 that it would sell Chrysler to Cerberus Capital Management of New York, a private equity firm that specializes in restructuring troubled companies, effectively unwinding the original transaction. Events 1264 - Battle of Lewes: Henry III of England is captured in France making Simon de Montfort the Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Cerberus Capital Management LP is one of the largest Private equity investment firms in the USA In Finance, private equity is an Asset class consisting of equity Securities in operating companies that are not Publicly traded on [2] On October 4, 2007 a DaimlerChrysler Extraordinary Shareholders' Meeting approved the renaming of the company. From October 5, 2007, the company has been titled Daimler AG. [3] The US company adopted the name Chrysler LLC when the sale completed on 3 August 2007. Events 8 - Roman Empire General Tiberius defeats Dalmatians on the river Bathinus. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century.

Daimler produces cars and trucks under the brands of Mercedes-Benz, Maybach, Smart, Freightliner and many others. A brand is a collection of Images and ideas representing an economic producer more specifically it refers to the descriptive verbal attributes and concrete symbols such as a Mercedes-Benz is a German manufacturer of luxury Automobiles Buses coaches and Trucks It is currently a division of the Maybach-Motorenbau GmbH (ˈmaɪbax (founded 1909 is a German luxury car manufacturer Smart, formerly Smart GmbH (formerly MCC Smart GmbH is an automotive brand of Daimler AG, is a manufacturer of Microcars and superminis based

Contents

Former Chrysler operations

Chrysler has suffered a series of setbacks in recent years, culminating in DaimlerChrysler's agreement to sell the unit to Cerberus Capital Management in May 2007 for US$6 billion. Cerberus Capital Management LP is one of the largest Private equity investment firms in the USA Through most of its history, Chrysler has been the third largest of the "Big 3" US auto makers, but in January 2007, DaimlerChrysler, excluding its luxury Mercedes and Maybach lines, also outsold traditionally second place Ford, though behind General Motors and Toyota.

Chrysler reported losses of US$1. 5 billion in 2006. It then announced plans to lay off 13,000 employees in mid-February 2007, close a major assembly plant and reduce production at other plants in order to restore profitability by 2008. [4]

The merger was contentious with investors launching lawsuits over whether the transaction was the 'merger of equals' that senior management claimed or actually amounted to a Daimler-Benz takeover of Chrysler. A class action investor lawsuit was settled in August 2003 for US$300 million while a suit by billionaire investor activist Kirk Kerkorian was dismissed on April 7, 2005. In Law, a class action or a representative action is a form of Lawsuit where a large group of people collectively bring a claim to court Kerkor "Kirk" Kerkorian (born June 6, 1917) is an Armenian-American Billionaire, and president/ CEO of Tracinda Events 529 - First draft of Corpus Juris Civilis (a fundamental work in Jurisprudence) is issued by Eastern Roman Emperor Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. [5] The transaction claimed the job of its architect, Chairman Jürgen E. Schrempp, who resigned at the end of 2005 in response to the fall of the company's share price following the transaction. Jürgen Erich Schrempp (born September 15, 1944 in Freiburg) was until December 31, 2005, the CEO of DaimlerChrysler The merger was also the subject of a book Taken for a Ride: How Daimler-Benz Drove Off With Chrysler, (2000) by Bill Vlasic and Bradley A. Stertz. [6]

Another issue of contention is whether the merger delivered promised synergies and successfully integrated the two businesses. As late as 2002, DaimlerChrysler appeared to run two independent product lines. Later that year, the company launched products that appear to integrate elements from both sides of the company, including the Chrysler Crossfire, which used extensive Mercedes parts and the Dodge Sprinter/Freightliner Sprinter, a re-badged Mercedes-Benz Sprinter van. The Chrysler Crossfire is a Rear-wheel drive, Sports car marketed by Chrysler as both coupé and roadster and built for Chrysler The Mercedes-Benz Sprinter is a delivery Van, Chassis cab and Minibus built by Daimler AG in Düsseldorf, Germany and The Mercedes-Benz Sprinter is a delivery Van, Chassis cab and Minibus built by Daimler AG in Düsseldorf, Germany and The Mercedes-Benz Sprinter is a delivery Van, Chassis cab and Minibus built by Daimler AG in Düsseldorf, Germany and

Sale of Chrysler

DaimlerChrysler had reportedly approached other carmakers and investment groups to sell Chrysler in early 2007. General Motors was reported to be a suitor while Volkswagen, the Renault-Nissan auto alliance, and Hyundai Motor Company had said that they weren't interested in buying the company. General Motors Corporation ( GM) ( is a multinational automobile manufacturer founded in 1908 and headquartered in the United States. This is about the company for other uses see Renault (disambiguation. The Hyundai Motor Company, a division of the Hyundai Kia Automotive Group, is South Korea ’s largest and the world’s fifth largest automaker in terms of units

On August 3, 2007, DaimlerChysler completed the sale of Chrysler Group to Cerberus Capital Management. Events 8 - Roman Empire General Tiberius defeats Dalmatians on the river Bathinus. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Cerberus Capital Management LP is one of the largest Private equity investment firms in the USA The original agreement stated that Cerberus would take an 80. 1 percent stake in the new company, Chrysler Holding LLC. DaimlerChrysler changed its name to Daimler AG and retained the remaining 19. 9% stake in the separated Chrysler. [7]

The terms saw Daimler pay Cerberus US$650 million to take Chrysler and associated liabilities off its hands. This is a remarkable reverse in fortunes on the US$36 billion paid to acquire Chrysler in 1998. Of the US$7. 4 billion purchase price, Cerberus Capital Management will invest US$5 billion in Chrysler Holdings and US$1. Cerberus Capital Management LP is one of the largest Private equity investment firms in the USA 05 billion in Chrysler’s financial unit. The de-merged Daimler AG received US$1. 35 billion directly from Cerberus but directly invested US$2 billion in Chrysler itself.

Management

Dr. Dieter Zetsche has been the Chairman of Daimler and Head of Mercedes-Benz Cars since January 1, 2006 as well as member of Board of Management since 1998. Dr Dieter Zetsche (born on May 5, 1953 in Istanbul, Turkey) is a German businessman and CEO of Daimler AG, Head of He was former President and CEO of the Chrysler, LLC (previously owned by Daimler AG), he is best known in the United States as Dr. Chrysler LLC is an American Automobile manufacturer that has been producing Automobiles since 1925 Z from a Chrysler advertising campaign.

Current members of the Board of Management of Daimler AG are:
Dr. Dieter Zetsche: Chairman of the Board as well as Head of Mercedes-Benz Cars.
Gunther Fleig: Head of Human Resources and Labor Relations.
Dr. Rudiger Grube: Head of Corporate Development.
Andreas Renschler: Head of Daimler Trucks.
Bodo Uebber: Head of Finance and Controlling as well as Financial Services.
Dr. Thomas Weber: Head of Group Research and Mercedes-Benz Cars Development.

Current members of the Supervisory Board of Daimler AG are: Heinrich Flegel, Juergen Hambrecht, Thomas Klebe, Erich Klemm, Arnaud Lagardère, Jürgen Langer, Helmut Lense, Sari Baldauf, William Owens, Ansgar Osseforth, Valter Sanches, Manfred Schneider, Stefan Schwaab, Bernhard Walter, Lynton Wilson, Mark Wössner, Manfred Bischoff, Clemens Börsig and Uwe Werner. Arnaud Lagardère (born March 18, 1961 -) is the current CEO of Lagardère Group. Sari Maritta Baldauf (born August 10, 1955, Kotka, Finland) is the former head of Nokia Networks. Manfred Schneider is a German rower who competed for the SC Dynamo Berlin / Sportvereinigung (SV Dynamo. Dr Manfred Bischoff serves as the Chairman of the Supervisory Board of Daimler AG and Erich Klemm as Vice-Chairman. [8]

Daimler shareholders

The largest voting shareholder of Daimler is the Kuwait Investment Authority with 7. 2% (as of December 31 2007). [9]

The regional breakdown of shareholdings as of December 31 2007 was:[9]

Brands

Daimler sells automobiles under the following marques worldwide:

Holdings

Daimler currently holds interests in the following companies:

Biofuel research

Daimler AG is involved in a joint project with Archer Daniels Midland Company and Bayer CropScience to develop jatropha as a biofuel[11]. Tata Motors Limited', formerly known as TELCO (TATA Engineering and Locomotive Company is a Multinational corporation headquartered in Mumbai The Archer Daniels Midland Company ( is a conglomerate based in Decatur Illinois. For other uses see Bayer (disambiguation or Beyer or Buyer. Bayer AG (German ˈbaɪə () is a German Jatropha is a Genus of approximately 175 Succulent plants Shrubs and Trees (some are Deciduous, like Jatropha

See also

References

  1. ^ a b c Daimler Annual Report 2007
  2. ^ Daimler AG (14 May 2007). Mercedes-Benz India is a subsidiary of Daimler AG. Daimler entered the Indian market and set up Mercedes-Benz India Ltd in 1994. Daimler-Motoren-Gesellschaft ( Daimler Motor Company, DMG was a German Engine and later Automobile manufacturer in operation from 1890 DaimlerChrysler Corp v Cuno, 547 US 332 (2006 was a case decided by the Supreme Court of the United States involving the standing of taxpayers Case citation is the system used in many countries to identify the decisions in past Court cases either in special series of books called reporters The Supreme Court of the United States is the highest judicial body in the United States and leads the federal judiciary. This article is about the city in Ohio, USA. For Toledo Spain, see that article United States Council for Automotive Research LLC (USCAR is an umbrella organization for collaborative research that comprises Chrysler LLC, Ford Motor Company and Events 1264 - Battle of Lewes: Henry III of England is captured in France making Simon de Montfort the Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. "Cerberus Takes Over Majority Interest in Chrysler Group and Related Financial Services Business for EUR 5.5 Billion ($7.4 billion) from DaimlerChrysler". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News Retrieved on 2007-11-06. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 355 - Roman Emperor Constantius II promotes his cousin Julian to the rank of Caesar, entrusting him with
  3. ^ Daimler AG (4 October 2007). Events 610 - Heraclius arrives by ship from Africa at Constantinople, overthrows Byzantine Emperor Phocas Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. "Extraordinary Shareholders' Meeting of DaimlerChrysler Approves Renaming as Daimler AG". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News Retrieved on 2007-11-06. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 355 - Roman Emperor Constantius II promotes his cousin Julian to the rank of Caesar, entrusting him with
  4. ^ "Chrysler Announces Major Downsizing - Daily Auto Insider", CarAndDriver. com, 15 February 2007. Events 590 - Khosrau II is crowned as king of Persia 1637 - Ferdinand III becomes Holy Roman Emperor Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Retrieved on 2007-03-15. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 44 BC - Julius Caesar, Dictator of the Roman Republic, is stabbed to death by Marcus Junius Brutus,  
  5. ^ "DaimlerChrysler settles investor lawsuit", CarAndDriver. com, 25 August 2003. Events 1248 - The Dutch city of Ommen receives city rights and fortification rights from Otto III the Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. Retrieved on 2007-07-23. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1632 - Three hundred colonists bound for New France depart from Dieppe France.  
  6. ^ "Taken for a Ride", BusinessWeek, 5 June 2000. BusinessWeek is a business Magazine published by McGraw-Hill. Events 70 - Titus and his Roman Legions breach the middle wall of Jerusalem in the Siege of Jerusalem 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. Retrieved on 2007-11-06. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 355 - Roman Emperor Constantius II promotes his cousin Julian to the rank of Caesar, entrusting him with  
  7. ^ Daimler - Home - Cerberus Takes Over Majority Interest in Chrysler Group and Related Financial Services Business for EUR 5.5 Billion ($7.4 billion) from DaimlerChrysler
  8. ^ http://www.daimler.com/dccom/0-5-7160-49-79600-1-0-0-0-0-0-8-7145-0-0-0-0-0-0-0.html
  9. ^ a b {{cite web |url=http://www.daimler.com/ir
  10. ^ Daimler ziet brood in samernwerking met Jaguar en Land Rover De Morgen of 05-05-2008
  11. ^ Archer Daniels Midland Company, Bayer CropScience and Daimler to Cooperate in Jatropha Biodiesel Project. De Morgen (The Morning is a Flemish Newspaper with a circulation of 53860. DaimlerChrysler.

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