DaimlerChrysler AG engages in the development, manufacture, distribution, and sale of various automotive products, primarily passenger cars, light trucks, and commercial vehicles worldwide. The company operates in four segments: Mercedes Car Group, Chrysler Group, Commercial Vehicles, and Services. Brand names include Mercedes-Benz Maybach, Chrysler, Jeep, Dodge, Pacifica and PT Cruiser. The company has strategic partnerships with MFTBC, Mitsubishi Motors Corporation, General Motors Corp., BMW Group, and HMC. Daimlerchrysler was founded in 1883 and is headquartered in Stuttgart, Germany.
Daimlerchrysler AG
Epplestrasse 225
Stuttgart, D-70567
Phone: 49 711 170
Fax: 49 711 17 22244
DaimlerChrysler has suspended at least six managers over bribery allegations linked to the UN oil-for-food programme in Iraq, the Financial Times says.
Quoting “people close to the carmaker”, the paper said between six and nine senior managers had been suspended after an internal investigation.
A report published last year listed the carmaker among more than 2,000 firms said to have paid Iraqi kickbacks
The US Justice Department has begun an inquiry into allegations of bribery at DamilerChrysler’s Mercedes unit, the German-US carmaker has confirmed.
DaimlerChrysler said it was co-operating fully, and has made all its accounts available.
The criminal probe escalates a civil one by the US market watchdog, the Wall Street Journal reported on Friday
Germany’s financial market watchdog has launched a probe into possible insider trading in shares of carmaker DaimlerChrysler.
DaimlerChrysler’s share price jumped last week ahead of chief executive Juergen Schrempp’s announcement that he would step down at the end of the year.
Following the announcement, the shares surged as much as 10%
German-US car giant DaimlerChrysler is offering to cut executive pay in order to end a dispute over cost cuts.
Staff at the firm’s German plants have downed tools in protest at the plans to move jobs abroad unless 500m euros ($620m; £330m) in savings can be found.
But now the company says that its board members will accept a cut in pay if employees back down