03 March, 2008

Germany and Cars - Side note

Daimler-Chrysler is owned by several large groups, the more interesting ones are:
1) Kuwait owns 10% outright
2) Deutsche Bank owns 5% - to block Kuwait from getting a larger stake
3) UAE with 2%

The Deutsche Bank purchase also allowed the other German companies to step up and purchase stock easier and quicker. Similar to US there is a SEC which would have blocked such actions without the state bank stepping up and saying - let this happen.

Currently Daimler-Chrysler has two large German share holders (combined owning 37%) - BMW and VW. If DC were to be disolved, the following breakdown of their company portions would most likely occur. The breakup is in the stars and will most likely occur sooner than later.

1) BMW - if DC is disolved, BMW wants McLaren Group (exotic sports cars), Smart (hybrid and alternate fuels cars), Mercedes-AMG, Chrysler, Freightliner (trucks), Thomas Built (trucks buses), and Sterling Trucks. They'd also push for the Automotive Fuel Cell Cooperation (canadian leader in fuel cell research / development).

2) VW - if DC is disolved, VW wants the Maybach (mercedes answer to rolls-royce), Mercedes, Mitzubishi Fuso (trucks), Western Star (Trucks), MB Buses, Orion Buses, and Setra Buses.

3) Airbus would dissolve back into EADS - European Aeronautic Defence and Space Company (their parent).

4) Deutsche Bank would probably end up with MB Financial, MB Bank, and Daimler Truch Financing.

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