Word: daimler
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Dates: during 2000-2009
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...business professors at Columbia, have found that when a company raises its dividend, profits go up for the next four years. On average, says Nissim, "when you see companies increasing their dividends, you should expect higher returns in the future." So when a firm cuts its dividend, as Daimler-Chrysler did last week, it can raise a warning flag...
...talk. That's one reason he never became CEO of Ford or Chrysler--and why in 1999, despite his crucial role there, he was eased out by chairman Robert Eaton, who seemed nervous about letting Lutz (fluent in German and Italian) get too friendly with the new owners from Daimler-Benz...
...Some carmakers fear that Kirch Media, the German company that will control worldwide TV rights for the next 100 years, will use racing to boost its ailing pay-per-view channels. These carmakers, who sponsor racing in return for advertising reach, want to protect against that. So Ford, Fiat, Daimler-Chrysler, BMW and Renault have proposed an as-yet-unnamed rival racing circuit, to debut when team contracts are up for renewal in 2008. Kirch spokesman Hartmut Schulz insists, "Carmakers know they would not have a strong platform with a second series." But an industry insider says the automakers...
...That's one of the misconceptions of this business," says Paul Lancaster, vice president for finance at Ballard Power Systems in Vancouver, Canada. "They've had a phenomenally rapid development. People overpromised them" before a consumer-compatible technology emerged. Ballard (2000 revenues: $41 million), partly owned by Daimler-Chrysler and Ford, is the leader in automotive fuel-cell development...
Paradoxically, Daimler and Chrysler began their union with long lists of rules that prevented that kind of synergy. Chrysler parts were not allowed in Mercedes cars, for instance--out of fear that the luxury brand might somehow be cheapened. That stance has since been relaxed. Schrempp still insists, however, that "Mercedes will never do a platform exchange with Chrysler...