Word: chryslers
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...seen some surprising unions in the business world over the last few years: Disney and ABC, Mercedes and Chrysler, AT&T and TCI. But yesterday's announcement that the New York Yankees and the New Jersey Nets would merge into a single, $1.4 billion company--YankeeNets--takes the cake...
...they fit together that counts. Dennis Blommers, a plant manager for Magna's Decoma division, which specializes in exterior systems, has been along for much of the company's ride to success; he now oversees 300 employees who engineer and make high-tech plastic bumper covers and grilles for Chrysler, GM and Honda at a plant near the company's headquarters in Aurora, Ont., about 20 miles north of Toronto. "Each year we get more and more into what the customers are asking for," he yells over the roar and hiss of 15 molding machines. "In the old days...
...class sedan. The car's styling comes largely from SMH Automotive, the Swiss company that uses modular design to make Longines and Swatch watches (Smart, in fact, stands for Swatch-Mercedes art). SMH owned 19% of MCC until Daimler-Benz bought its stake in MCC before merging with Chrysler in October. "Basically, you could say the Smart's design, engine and chassis platform were all done by the assembler, because Swatch was an owner at the time," Franzen says. "These three things will always be done by assemblers themselves, but it's up to each developer to define...
...industry is left asking--just as it did last year when Daimler-Benz and Chrysler forged the world's largest industrial marriage--which companies will be next? There is talk that DaimlerChrysler has eyes for debt-ridden Nissan. But Japanese automakers have been reluctant to sell more than a minority stake to foreign partners. Toyota remains a respected global player but has suffered along with the economies of all the Asian countries. Similarly, General Motors remains the world's largest automaker, with lucrative foreign alliances, but was set back by last year's strike...
...John Wayne of the automobile business was down and out in, of all places, Beverly Hills--a carman in Tinseltown, hounded by lawyers and, perhaps worse, enjoined from talking publicly about his problems with either Chrysler or his ex-wife. "You never want to retire, move to a foreign country [California] and get divorced at the same time," advises Iacocca now. "That'll kill...