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Daimler AG

 
Hoover's Profile: Daimler AG
(NYSE:DAI) (German:DAI)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Daimler AG
Mercedesstrasse 137
70327 Stuttgart, Germany
Tel. +49-711-17-0
Fax +49-711-17-94116

Type: Public
On the web: http://www.daimler.com
Employees: 273,216
Employee growth: 0.3%

After nearly 10 years of irreconcilable differences, Daimler and Chrysler called it quits. They joined forces in 1998 in a $37 billion deal, but the marriage never worked. In 2007 Daimler sold 80% of Chrysler to Cerberus Capital Management for about $7.4 billion. Daimler's passenger car business, Mercedes-Benz Cars, includes the Mercedes, Maybach, and smart brands. Its Daimler Trucks North America unit is the US's #1 heavy-truck maker, and with its Fuso, Mercedes-Benz, and Sprinter brands, Daimler is the world's leading maker of commercial vehicles. The company controls a 15% stake in EADS, the European aerospace and defense consortium. Daimler gets about half of its sales in Europe.

Key numbers for fiscal year ending December, 2008:
Sales: $133,268.0M
One year growth: (8.3%)
Net income: $1,965.5M
Income growth: (66.3%)

Officers:
Chairman Supervisory Board: Manfred Bischoff
Chairman Management Board and Head Mercedes Car Group: Dieter Zetsche
Management Board Member, Finance and Controlling, Financial Services, and Corporate Procurement Services: Bodo Uebber

Competitors:
BMW
Ford Motor
General Motors

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