News of April 10, 1999
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: Record Sales and Profit Figures in the First Business Year
- Revenues up 6 percent for first two months of 1999
- Juergen E. Schrempp: Integration proceeding rapidly and successfully
- Robert J. Eaton: Growth and good opportunities for DaimlerChrysler
On June 17, 1998 Chrysler Chairman and CEO Robert J. Eaton invited
Daimler-Benz Chairman Juergen E. Schrempp, to test-drive the all-new Chrysler 300M. Since
than the merger turned out to become very successful
|Stuttgart/Auburn Hills, March 31, 1999 -- DaimlerChrysler expects steady
growth among all of its businesses, especially those operating within the companys
two key markets of North America and Western Europe. According to an outlook presented at
the DaimlerChrysler annual press conference in Stuttgart on March 31, the automotive
brands are expected to achieve further growth even within a stagnating or slightly
declining market environment in some parts of the world.
The company expects revenues
to increase to e 137 billion (euro) in 1999 from e 131.8 billion in 1998, based on the
high demand for DaimlerChrysler products and the upward business trend for the first
months of the year. By the year 2001, DaimlerChrysler projects an increase in revenues of
more than e 20 billion to e 153 billion, with all businesses contributing to this growth.
Profitability is also expected to increase further in the years to come. The company
reported that strict cost management in all fields of business, and the synergies expected
as a result of the merger, are a good foundation for enhancing profitability and
increasing earning power in the future.
- Sales in excess of DM 27 billion; investments soar
- Record production figure and employment level
- Continued growth expected for 1999
|Ingolstadt, March 23, 1999 - "Audi has achieved its ambitious
targets for 1998", declared Dr. Franz-Josef Paefgen, Chairman of the Board of
Management of AUDI AG, in an initial review of the past financial year. Group sales rose
to over DM 27 billion (1997: DM 22.4 billion). Paefgen continued: "We remain on a
course of growth and are thus building on the progress of recent years. Since 1994, sales
revenues have more than doubled, vehicle sales have increased by around 60 percent,
investments have risen to more than twice the level of 1994, and our total workforce has
expanded by over 30 percent."
Last year, Audi's vehicle sales reached
a total of 599,509 units. This represents an increase worldwide of 9.7 percent. Vehicle
sales in Germany totalled 244,127, an increase of 2.3 percent. Market share in Germany was
6.5 (6.8) percent, and 3.4 (3.4) percent in Western Europe.
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