1. Daimlerchrysler Merger
Since the 1998 merger that made the first truly global car company, DaimlerChrysler has continued to acquire more brands. ... To increase its presence in the Asian market, DaimlerChrysler purchased a 34% stake in Mitsubishi Motors Corporation (MMC), and purchased Volvo's 3.4% stake of Mitsubishi Heavy Industries. ... Although global economic conditions have continued to deteriorate, Group earnings must maintain management targets to achieve a higher ongoing operating profit than in 2002. ... The movement into a single company away from the recent past and allowing the DaimlerChrysler merg...
- Word Count: 1252
- Approx Pages: 5
- Grade Level: Undergraduate