Tag: DCX

By on May 14, 2010

One of the last vestiges of the Daimler-Chrysler union is being swept away, as Daimler has announced that it will delist from the NYSE. Daimler initially listed itself on Wall Street in 1993, as it began its “marriage made in heaven” with Chrysler. Since then, Daimler says advances in electronic trading make it easier for traders to buy and sell its Frankfurt listings, and that the low volume of NYSE trading isn’t worth all the financial regulation that comes with a Wall Street listing. According to the company, less than five percent of its trading volume comes through its US listing. This means no more SEC filings from the German firm, although it insists that the US market remains important to its business and that it wants to maintain open communication with American investors who own 17 percent of Daimler’s shares. And it definitely has nothing to do with the company’s recent settlement of a bribery investigation by the DOJ. Or the fact that Chrysler could find itself back on the exchange within another year.

By on April 8, 2010

That was a marriage in heaven but didn’t end up in heaven. We start on earth this time and stay there.

Daimler CEO Dieter Zetsche, explaining the difference between Daimler-Chrysler and the new Daimler-Renault-Nissan alliance in Automotive News [sub].

Recent Comments

  • Ltd1983: Two entirely different issues. He stated that a manufacturer wouldn’t fix an issue for fear of a known...
  • Vulpine: One question, JDG: Would YOU ride with a ride-sharing service if you had your own car? Would YOU ride with a...
  • Vulpine: “It’s pretty obvious why this is the case, it encourages companies to fix actual safety issues without...
  • Sjalabais: Norwegian here, I have a colleague who was en route to buy a CX5 with a gas engine – cheaper and...
  • ToddAtlasF1: The C130 entered production fifty years after the first flight at Kitty Hawk. It only took Brazil 63...

New Car Research

Get a Free Dealer Quote

Staff