DaimlerChrysler truck plan unveiled today

DaimlerChrysler AG will today outline a strategy to consolidate parts of its truck operations in a bid to boost profits and leverage its economies of scale, according to The Wall Street Journal. The plan calls for unifying purchasing, development and certain other parts of its Mercedes-Benz and Freightliner divisions, people familiar with the matter said. It will also intensify cooperation and component-sharing

June 30, 2003

DaimlerChrysler AG will today outline a strategy to consolidate parts of its truck operations in a bid to boost profits and leverage its economies of scale, according toThe Wall Street Journal.

The plan calls for unifying purchasing, development and certain other parts of its Mercedes-Benz and Freightliner divisions, people familiar with the matter said. It will also intensify cooperation and component-sharing with Mitsubishi Motors Corp.'s Fuso division and the truck unit of Hyundai Motor Co.

According to The Wall Street Journal's news source, the company will leave the manufacturing operations of Mercedes-Benz and Freightliner separate. It will also formalize a new steering committee, led by commercial-vehicles chief Eckhard Cordes, that will coordinate sharing of engines, axles and other major components by Mercedes- Benz, Freightliner, Fuso and Hyundai.