Daimler ag11/10/2023 The roots of Daimler-Benz go back to the mid-1880s and two engineers, Carl Benz and Gottlieb Daimler, who are cited by most authorities as the most important contributors to the development of the internal combustion engine. Three other DaimlerChrysler units are also worth noting: ADtranz, a maker of railroad vehicles and equipment MTU Motoren- und Turbinen-Union, which produces diesel engines and gas turbines for large boats and ships, aircraft, rail vehicles, and heavy trucks and TEMIC TELEFUNKEN microelectronic, which specializes in automotive electronic systems. EADS would be the largest aerospace firm in Europe and hold an 80 percent stake in Airbus Industrie, the number two commercial aircraft maker in the world. At the turn of the millennium, these aerospace operations were slated to be merged into a new firm called European Aeronautic Defence and Space Company (EADS), which would be 30 percent-owned by DaimlerChrysler. DaimlerChrysler Aerospace is involved in commercial aircraft, helicopters, military aircraft, satellites, defense technology, and space technology. DaimlerChrysler Services is a leading provider of information technology services in Germany and offers a variety of financial services -including vehicle sales and leasing financing, dealer financing, and insurance services -primarily in North America and Europe. In addition to its vehicle manufacturing operations, Daimler-Chrysler is active in a number of other areas -with many of these activities stemming from a 1980s Daimler-Benz diversification drive. This last figure was likely to change with the early 2000 announcement that DaimlerChrysler was buying a 34 percent stake in Mitsubishi Motors Corporation, the fourth largest Japanese automaker. About eight percent derives from the rest of the Americas, with only just more than three percent originating in Asia. market, while Germany accounts for about 19 percent and the rest of Europe a little more than 14 percent. More than 52 percent is generated in the U.S. The company ’s revenue stream is heavily weighted toward the United States and Europe. Vehicles built by the resultant powerhouse include Mercedes-Benz luxury passenger cars a microcompact car sold under the name “Smart ” Chrysler, Jeep, and Dodge cars, pickup trucks, and sport utility vehicles (the Plymouth brand was in the process of being phased out at the turn of the millennium) and commercial vehicles, including vans, trucks, and buses, under the brand names Mercedes-Benz, Freightliner, Sterling, Setra, and Thomas Built Buses. Public Company Incorporated: 1998 Employees: 466,938 Sales: EUR 149.99 billion (US$151.04 billion) (1999) Stock Exchanges: Frankfurt Berlin Bremen D üsseldorf Hamburg Hanover Stuttgart Munich New York Chicago Pacific Philadelphia Wien Montreal Toronto Paris London Tokyo Basel Geneva Zurich Ticker Symbol: DCX NAIC: 336111 Automobile Manufacturing 336112 Light Truck and Utility Vehicle Manufacturing 336120 Heavy Duty Truck Manufacturing 336211 Motor Vehicle Body Manufacturing 336322 Other Motor Vehicle Electrical and Electronic Equipment Manufacturing 336411 Aircraft Manufacturing 336412 Aircraft Engine and Engine Parts Manufacturing 336414 Guided Missile and Space Vehicle Manufacturing 336415 Guided Missile and Space Vehicle Propulsion Unit Parts Manufacturing 336510 Railroad Rolling Stock Manufacturing 421110 Automobile and Other Motor Vehicle Wholesalers 522220 Sales Financing 522291 Consumer Lending 532112 Passenger Cars Leasing 541512 Computer Systems Design Services 514210 Data Processing ServicesĭaimlerChrysler AG -one of the five largest automakers in the world with a global market share of nine percent -is the product of the November 1998 merger of Daimler-Benz Aktiengesellschaft of Germany and Chrysler Corporation of the United States.
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