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Essay / Research Paper Abstract
A 6 page paper that offers a glimpse into DaimlerChrysler AG, a company formed when Daimler acquired Chrysler in 1998. The writer reports the most recent revenue figure, the size of the company and its products and services. The writer also explains German corporate governance and points out some differences between that the U.S. corporate governance. However, the company still adheres to U.S. laws in terms of diversity and auditing. The essay also includes information on recent innovations from the company and reports their recent agreement with the U.S. Department of Energy. Bibliography lists 12 sources.
Page Count:
6 pages (~225 words per page)
File: MM12_PGdmchry.rtf
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Unformatted sample text from the term paper:
has manufacturing facilities in 17 countries, sells its products in more than 200 countries and has a total of 384,723 employees (Bryant, 2005; DaimlerChrysler, 2005a). The companys 2004 revenues totaled
$192.3 billion (Bryant, 2005). The companys brands in their car group include Chrysler, Dodge, Jeep(r), Mercedes-Benz, Smart, Global Electric Microcars (GEM), and Maybach (Wikipedia, 2005). Commercial vehicle brands include
Mercedes-Benz, Mitsubishi Fuso, Freightliner, Sterling Trucks and others (Wikipedia, 2005). Engine brands include MTU Friedrichshafen, Detroit and Diesel, Mopar (Wikipedia, 2005). The company also has a financial services division (Bryant,
2005; DaimlerChrysler, 2005a). It recently sold its interest in Mitsubishi Motors (Bryant, 2005). The reason for the sale was to focus more on core competencies. It still holds its stake
in EADS, the European aerospace and defense consortium (Bryant, 2005). The company also has strategic partnerships with General Motors Corp., BMW Group, and HMC (Yahoo Finance, 2005). The company
writes its strategy "rests on four pillars: global presence, superior products, leading brands, and innovation / technology leadership" (DaimlerChrysler, 2005a). Jurgen E. Schrempp, the current chairman, announced he will resign
by the end of 2005, three years earlier than the end of his contract (Wikipedia, 2005). Schrempp has been blamed for falling share prices (Wikipedia, 2005). Because DaimlerChryslers headquarters are
in Germany, the company falls under the Stock Corporation German law (DaimlerChrysler, 2005g). There are three separate bodies involved in the governance of the company: The General Meeting; The Board
of Management; and The Supervisory Board (DaimlerChrysler, 2005g). The General Meeting Body does not involve itself in day-to-day management decisions; it elects half the members of the Supervisory Board and
it "resolves on the ratification of the actions of the Board of Management and Supervisory Board, on the appropriation of distributable profits and the appointment of the external auditor" (DaimlerChrysler,
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