DaimlerChrysler: A Truly Global Company
28 February 2000
DaimlerChrysler: A Truly Global CompanyAUBURN HILLS, Mich. and STUTTGART, Germany, Feb. 28 -- DaimlerChrysler is one of the world's leading automotive, transportation and services companies. Its passenger car brands include Mercedes-Benz, Chrysler, Jeep(R), Dodge and smart. Commercial vehicles are produced under the Mercedes-Benz, Freightliner, Sterling, Thomas Built and Setra brands. The group also manufactures aircraft and equipment at DaimlerChrysler Aerospace (Dasa) and offers financial and other services through DaimlerChrysler Services (debis). With 466,900 employees, DaimlerChrysler achieved 1999 revenues of Euro 150.0 billion ($151.0 billion). After the November 1998 merger of Daimler-Benz, Europe's largest industrial company, and Chrysler Corporation, one of America's most innovative automotive companies, DaimlerChrysler today has a global workforce, a global shareholder base, a global brand awareness and a global outlook. The results of the first full business year are proof of the company's success. Company Ownership: DaimlerChrysler is owned by European, U.S. and other international investors; approximately one billion shares outstanding Global Stock: DCX ordinary shares are traded on the New York and Frankfurt stock exchanges as well as 19 other major stock exchanges worldwide Group Headquarters: Stuttgart, Germany and Auburn Hills, Michigan Chairmen: Robert J. Eaton (retiring March 31, 2000) Juergen E. Schrempp Management Board: Consists of 14 members, including the two Chairmen, and the heads of the operating and functional divisions Supervisory Board: Consists of 10 shareholders' representatives and 10 employees' representatives. The Supervisory Board appoints the Board of Management and approves major company decisions. Market Capitalization: About Euro 65 billion ($65 billion), February 2000 Total Revenues: 1999: Euro 150.0 billion ($151.0 billion) Investments: 2000 - 2002: Euro 50 billion ($50 billion) to be invested in the future of DaimlerChrysler Sales Automotive: 4.86 million units in 1999 (Passenger Cars and Commercial Vehicles) Employees: 466,900 on December 31, 1999 Manufacturing Facilities: In 34 countries Global Brands: Mercedes-Benz, Chrysler, Jeep(R), Dodge, smart, Freightliner, Sterling, Thomas Built Buses, Setra, Airbus, Eurocopter, debis, Adtranz, MTU, TEMIC and others Products Sold In: More than 200 countries Official Language: English Financial Reporting: U.S. GAAP accounting; earnings reported quarterly