DaimlerChrysler Announces Media Consolidation Plan
12 April 1999
DaimlerChrysler Announces Media Consolidation PlanAUBURN HILLS, Mich., April 12 -- DaimlerChrysler announced today a plan to consolidate media buying for all of its car and light duty truck brands around the world. The division of media buying will be split as follows: * PentaCom, based in Troy, Mich., will purchase media on behalf of all brands in North America which includes Canada, Mexico and the United States. * GFMO, based in Stuttgart, Germany, will handle media buying for all brands in Germany. * Bozell Worldwide, Inc., based in Southfield, Mich., will buy media for all brands in all markets outside of North America, excluding Germany. The contracts, including specific terms and conditions, are presently in negotiation. "Since the merger, we have been looking for new opportunities and potential synergies from our shared marketing knowledge," said Arthur C. "Bud" Liebler, Senior Vice President of Marketing for Chrysler passenger cars. "After careful consideration of the expertise and capabilities of our collective agencies, we decided to consolidate media buying for all brands on a regional basis, taking advantage of the wealth of knowledge and talent that exists. "By combining media buying, we can achieve savings that we wouldn't have gained individually," said Dr. Joachim Schmidt, Senior Vice President of Sales and Marketing for Mercedes-Benz passenger cars. "Even though this decision has been made, our integration teams will continue to look for more ways to streamline the process further and bring greater efficiencies to our advertising efforts."