Co-chairmen: Juergen Schrempp of Daimler-Benz AG and Robert Eaton of Chrysler Corp., for three years. Then Eaton will retire and Schrempp will be sole chairman. When Schrempp retires, the top post will be open to executives on both sides of the Atlantic.
Stock swap: Each Daimler-Benz share will be exchanged for one DaimlerChrysler share. Each Chrysler share will get 0.547 DaimlerChrysler share.
When: Merger expected by end of 1998. Must be approved by shareholders and government regulators.
Joint headquarters: Stuttgart, Germany, and Auburn Hills, Mich.
18-member board of management: 10 Daimler-Benz members, eight Chrysler members. But two Daimler-Benz members will not have voting rights.
7-member integration council: Will work on future direction of new company. Four Daimler-Benz members, three Chrysler members.
Chrysler executives with clout: Current Chrysler President Tom Stallkamp will be the president of the new company, and have responsibility for integrating product, sales and marketing and manufacturing. He clearly is No. 3 behind Schrempp and Eaton, with no German counterpart.
Gary Valade, Chrysler executive vice president and CFO, will be the global purchasing chief. Both Daimler and Chrysler purchasing executives will report to Valade.
Annual revenues: $130 billion
Income before taxes: $15 billion
Annual unit sales: 4 million
Global rank: 5th behind GM, Ford, Toyota and VW
Market capitalization: $92 billion, based on current price of shares
Ownership: Daimler-Benz shareholders, 57 percent; Chrysler shareholders, 43 percent
Projected cost savings: $1.4 billion in 1999. Up to $3 billion annually within five years.
Other holdings: Aerospace, defense equipment, railroad locomotives and others.