Extraordinary Shareholders' Meeting of DaimlerChrysler Approves Renaming as Daimler AG
Press Release said:
Extraordinary Shareholders' Meeting of DaimlerChrysler Approves Renaming as Daimler AG
Berlin, Germany, October 04, 2007
The Extraordinary Shareholders' Meeting of DaimlerChrysler AG (stock exchange abbreviation: DAI) today approved the renaming of the company as Daimler AG by a 98.76% majority.
The points added to the agenda at the request of the shareholders received only 2.94% of the votes at most and were therefore rejected.
Slightly above 5,000 shareholders attended the Extraordinary Shareholders' Meeting, which was held at the Messe Berlin exhibition grounds. This figure amounted to 51.6% of the total number of DaimlerChrysler shareholders.
As part of the renaming of the Group as Daimler AG, the company's production plants and sales organizations in Germany and abroad will also be renamed. The guiding principle of the name change process is a clear distinction between the corporate brand Daimler and the Group's various product brands. The corporate brand Daimler will serve to identify the Group in its dealings with political decision-makers, the general public, the financial markets, the business media, and its employees. It will also serve as an umbrella for all of its product brands. By contrast, the product brands Mercedes-Benz, Maybach, smart, Freightliner, Sterling, Western Star, Setra, Thomas Built Buses, Orion, and Mitsubishi Fuso will serve as our “business cards” to the customers.
The company will be called Daimler wherever several product brands are produced or sold, or where the focus is on the Group as a whole. Plants and sales organizations that exclusively or primarily produce or sell a single product brand will be named after the respective product brand.
With the exception of the locations in Palo Alto, California (USA) and Bangalore (India) all of the research centers will be called Daimler, whereas the development centers will be named after the respective product brand.
The financial services division will be called Daimler Financial Services
The individual production plants will be renamed as follows:
*
Mercedes-Benz: Aksaray, Bad Cannstatt, Barcelona, Bremen, Brühl, Davutpasa, Düsseldorf, East London, Gaggenau, Global Logistic Center, Hamburg, Hedelfingen, Hosdere, Juiz de Fora, Kassel, Ludwigsfelde, Mannheim, Marienfelde, Mettingen, Molsheim, Rastatt, Sindelfingen, Sirnau, Sao Bernado, Tuscaloosa, Untertürkheim, Vitoria, Wörth
*
smart: Hambach
*
Fuso: Tramagal
*
EvoBus: Dortmund, Holysov, Ligny, Mannheim Samano, Ulm/Neu-Ulm
The sales organizations that exclusively or primarily sell Mercedes-Benz products and will therefore be renamed Mercedes-Benz include those in Germany, Egypt, Argentina, Belgium, Brazil, China, Denmark, France, Greece, India, Indonesia, Italy, Japan, Canada, Malaysia, Mexico (passenger cars), the Netherlands, Austria, Poland, Portugal, Romania, Russia, Sweden, Switzerland, Serbia & Montenegro, Singapore, Slovakia, Spain, South Korea, Thailand, the Czech Republic, the UK, Hungary, the U.S., and Vietnam.
Berlin, Germany, October 04, 2007
The Extraordinary Shareholders' Meeting of DaimlerChrysler AG (stock exchange abbreviation: DAI) today approved the renaming of the company as Daimler AG by a 98.76% majority.
The points added to the agenda at the request of the shareholders received only 2.94% of the votes at most and were therefore rejected.
Slightly above 5,000 shareholders attended the Extraordinary Shareholders' Meeting, which was held at the Messe Berlin exhibition grounds. This figure amounted to 51.6% of the total number of DaimlerChrysler shareholders.
As part of the renaming of the Group as Daimler AG, the company's production plants and sales organizations in Germany and abroad will also be renamed. The guiding principle of the name change process is a clear distinction between the corporate brand Daimler and the Group's various product brands. The corporate brand Daimler will serve to identify the Group in its dealings with political decision-makers, the general public, the financial markets, the business media, and its employees. It will also serve as an umbrella for all of its product brands. By contrast, the product brands Mercedes-Benz, Maybach, smart, Freightliner, Sterling, Western Star, Setra, Thomas Built Buses, Orion, and Mitsubishi Fuso will serve as our “business cards” to the customers.
The company will be called Daimler wherever several product brands are produced or sold, or where the focus is on the Group as a whole. Plants and sales organizations that exclusively or primarily produce or sell a single product brand will be named after the respective product brand.
With the exception of the locations in Palo Alto, California (USA) and Bangalore (India) all of the research centers will be called Daimler, whereas the development centers will be named after the respective product brand.
The financial services division will be called Daimler Financial Services
The individual production plants will be renamed as follows:
*
Mercedes-Benz: Aksaray, Bad Cannstatt, Barcelona, Bremen, Brühl, Davutpasa, Düsseldorf, East London, Gaggenau, Global Logistic Center, Hamburg, Hedelfingen, Hosdere, Juiz de Fora, Kassel, Ludwigsfelde, Mannheim, Marienfelde, Mettingen, Molsheim, Rastatt, Sindelfingen, Sirnau, Sao Bernado, Tuscaloosa, Untertürkheim, Vitoria, Wörth
*
smart: Hambach
*
Fuso: Tramagal
*
EvoBus: Dortmund, Holysov, Ligny, Mannheim Samano, Ulm/Neu-Ulm
The sales organizations that exclusively or primarily sell Mercedes-Benz products and will therefore be renamed Mercedes-Benz include those in Germany, Egypt, Argentina, Belgium, Brazil, China, Denmark, France, Greece, India, Indonesia, Italy, Japan, Canada, Malaysia, Mexico (passenger cars), the Netherlands, Austria, Poland, Portugal, Romania, Russia, Sweden, Switzerland, Serbia & Montenegro, Singapore, Slovakia, Spain, South Korea, Thailand, the Czech Republic, the UK, Hungary, the U.S., and Vietnam.
