Daimler-Benz buys out Smart car partner SMH

Article Abstract:

Daimler-Benz AG has bought the remaining 19% share it does not already hold in Micro Compact Car AG (MCC) from Swiss watch maker Swatch Group AG for an undisclosed price. MCC was a venture created jointly by Daimler-Benz and Swatch to develop Smart cars, which are plastic-bodied vehicles with panels that can be altered as simply as watch bands. The agreement puts a stop to the dispute between Daimler-Benz and Swatch parent Societe Suisse de Microelectronique & d'Horlogerie SA, which expressed discontent with Daimler's management of MMC and refusal to use the hybrid motor technology that the firm designed for the Smart cars.

Comment:

Sells the 19% share in Micro Compact Car AG to Daimler-Benz AG for an undisclosed price

Switzerland, Automobile Manufacturing, Autos by Body Type NEC, Automobiles, Daimler-Benz AG, Micro Compact Car AG, Swatch Group AG

---

Peugeot Citroen considers buying stake in Proton

Article Abstract:

PSA Peugeot Citroen of France is considering acquiring an undetermined stake in Perusahaan Otomobil National Ltd., the Malaysian automobile company more known as Proton. Peugeot is choosing whether to buy a stake in one or several subsidiaries of Proton, or invest in Diversified Resources Bhd., Proton's holding company. The French automaker aims to use its Proton stake as a launching pad into other Southeast Asian markets as it seeks to increase its overseas sales. Peugeot currently only derives 16% of its sales from outside Western Europe.

Comment:

Is considering acquiring an undetermined stake in Perusahaan Otomobil National Ltd., the Malaysian automobile company

Malaysia, Peugeot S.A., Perusahaan Otomobil National Ltd.

---

Aerospace sector faces a bumpy ride

Article Abstract:

Analysts warn investors to be cautious about aerospace industry stocks in the wake of the merger between DaimlerChrysler Aerospace and Aerospatiale Matra. Industry consolidation is expected to boost profits in the long term, but for the short term companies such as Raytheon Corp are predicting lower earnings.

United Kingdom, Europe, Germany, Forecasts, trends, outlooks, Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing, International economic relations, Aircraft & Parts, Aerospace Product and Parts Manufacturing, Aerospace Electronics, Mergers, acquisitions and divestments, Forecasts and trends, Transportation equipment industry, Electronics industry, Aerospace industry, Aircraft industry, Avionics, BAE Systems (Farnborough, United Kingdom), Aerospatiale Matra, DaimlerChrysler Aerospace AG, Daimler AG

Similar abstracts:

• Abstracts: Boom-time for the Leeds debt market. The growing importance of broking. Stepping onto the world stage
• Abstracts: Asia is ripe but fund managers can't bite. China bursts at the seams with unsold goods. Foreign firms' investments may help revive economies
• Abstracts: Key trends. Total market size: sectoral analysis: value trends. Market sectors: sweet biscuits: value trends
• Abstracts: Swiss Holderbank buys key stake in Siam City Cement. Total Access revises debt. Thailand aims to let foreigners own approved properties
• Abstracts: Randstad to buy Strategix for $850 million in cash. Scotts to acquire European businesses. Wolters Kluwer agrees to buy Plenum Publishing

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.