 News
of February 28, 1999
(the
 will lead you to the full article)
Page 1 of 4
|
DaimlerChrysler
expected to take 33.4 % share into Nissan Diesel by mid March |
| According to the Nihon Kogyo newspaper DaimlerChrysler will
finalise its decision on the purchase of a 33.4 % stake in Nissan Motor Co Ltd in
mid-March. The purchase will strengthen DaimlerChrysler's position in the Asian
marketplace, where it has been a laggard, the report said.
Earlier reports quoted spokesmen of both companies in Tokyo and Stuttgart, Germany as
saying no decision has been made yet regarding a possible alliance of the two firms.
|
Co-Chairman J. Schrempp, stepping into Nissan soon? |
| Nick Reilly, Chairman and
Managing Director of Vauxhall Motors today announced the establishment of a new
engineering centre for light commercial vehicles and recreational vehicles in the UK. The
initial cost to establish the centre is about £5 million, and when fully operational the
centre will accommodate about 75 engineering staff.
"This is an important facility for Vauxhall, and General Motors in Europe,"
said Nick Reilly. |
Nick Reilly is getting more competence to the U.K.
.. |
| CHICAGO - As PRNewswire reports, the 91st Chicago Auto Show closed Sunday
night with an all-time record attendance of 1,215,734, surpassing the
previous mark by more than 135,000. "Clearly this record is a harbinger of another
strong year in the automobile industry," said show chairman Mike Cook. "The
Chicago show has always been a bellwether of what will happen in showrooms in the near
future. All any industry analyst would have to do is visit McCormick Place during our show
to see the excitement generated by the products consumers see here. It's an astounding
testimonial."
The Chicago Automobile Trade Association which produces the show, added a tenth day to
the run of the show for the first time in its 99-year history. |
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