Now that I've said that....


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Posted by MoparNorm on Tuesday, July 20, 2004 at 2:10PM :

In Reply to: Just consider this..... posted by MoparNorm on Tuesday, July 20, 2004 at 2:02PM :

....I just found that Daimler IS buying the world! This is not even a NEW story!
From:'Diesel Progress North American Edition; 1/1/2001; Osenga, Mike'
"Caterpillar & DaimlerChrysler in engine, fuel systems alliance; landscape changes again Companies combine 4 to 9 engine and fuel systems operations; Truck Engines drive the deal

Marking the latest in a series of astonishing moves that continue to reshape the industrial engine and equipment worlds, Caterpillar Inc. and the commercial vehicle division of DaimlerChrysler AG have signed a framework agreement to form a 50/50 global alliance to develop, manufacture, market and distribute medium-duty engines, fuel systems and other powertrain components.

Spin it any way you want, this is a meeting of giants. The late November deal puts Caterpillar, with revenues of $19.7 billion, together with DaimlerChrysler's commercial vehicle division, which had $26.9 billion in 1999 sales and revenues, and produced 550,000 trucks, vans and buses."
The story makes it seem that Cat is already a division of D/C, in fact since 2001!
MN



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