TITLE

Auto M&A Heats Up

AUTHOR(S)
Abrams, Sandra Lea
PUB. DATE
April 2007
SOURCE
Investment Dealers' Digest;4/9/2007, Vol. 73 Issue 14, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the increase in mergers and acquisitions in the automobile industry in the U.S. According to John Casea, managing director of Casesa Shapiro Group, this is because of legacy business, due to which companies run out of capital. In May 1998, Daimler-Benz AG bought Chrysler Corp. for $40.4 billion, after which DaimlerChrysler AG was formed. However, according to analysts, the two companies did not merge their technology.
ACCESSION #
24887326

 

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