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News of January 10,
1999
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Page 1 of 1
| DaimlerChrysler is expected to start its first
business year with strong increases in revenues, sales and earning figures. Group revenues
were up by 13% to approximately $148 / DM 260 billion, compared to the
pro forma combined figures for the former Daimler-Benz and Chrysler operations (1997
revenues of $127.1 / DM 229.3 billion). According to first preliminary
figures, unit sales in the automotive business of the DaimlerChrysler group will reach a
total of approximately 4.4 million.
|
Schrempp and Eaton signing the merger |
| Volkswagen AG, Wolfsburg. Dec. 20, 98. Volkswagen
announced, that it will build a transparent factory for crafted luxury cars in Dresden.
The final decission depends on the support of the European Community.
About 150 cars should be produced per day in a factory in the middle of the town.
|
A model of the intended factory for luxury cars in Dresden, Germany |
| Ford and Peugeot
Joint For Common Engine Factory - Paris, September 1998.- PSA Peugeot
Citroën Chairman Jean-Martin Folz and Ford Automotive Operations President Jacques Nasser
announced their intention to team up for the development of a new line of compact diesel
engines.
The two carmakers will pool their resources to develop a family of light diesel engines
incorporating the latest technologies, including common rail direct fuel injection. The
teams responsible for carrying out the two and a half year project will be based at the
PSA Peugeot Citroën research center in la Garenne-Colombes, near Paris. The new
powerplants will be manufactured at the Douvrin plant and will replace the TUD range of
engines currently equipping the Peugeot 106 and the Citroën Saxo.
The total cost of the project estimated at FRF 2 billion will be shared between PSA
Peugeot Citroën and Ford. |
| Auburn Hills, Mich. --December 1998. DaimlerChrysler
announced today the appointment of Gary L. Henson to the position of Senior Vice
President - Manufacturing, effective January 1, 1999. Henson will be responsible for all
assembly, stamping and component manufacturing for all Jeep, Chrysler, Dodge and Plymouth
branded products worldwide. It was also announced that Richard O. Schaum has been
appointed Senior Vice President - Quality and Power Train Operations, for all Jeep,
Chrysler, Dodge and Plymouth products worldwide. Both Henson and Schaum will report to
DaimlerChrysler Corporation President Thomas T. Stallkamp.
|
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| - Dec. 29, 1998 - DaimlerChrysler used a "Times Square" setting
at Paramount Studios to unveil the all-new 2000 Neon to media at the LA Auto Show today.
Sold under the Dodge and Plymouth brands, the 2000 Neon boasts an all-new exterior
and interior, along with substantially improved ride and handling. Dealer shipments of the
2000 Neon begin next week with a starting price of $12,890, including a $500 destination
fee. |
>>>> Page 2
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Copyright Automotive Intelligence, www.autointell.com
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For questions please contact editor@autointell.com
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