DaimlerChrysler AG says it is moving toward a stock repurchase plan aimed at boosting its share price, which has lagged well below company expectations. Top executives say they will present a proposal to buy back up to 10% of DC's outstanding shares to stockholders at the company's annual meeting in April. “We're obviously not satisfied,” says Co-Chairman Juergen E. Schrempp. “We obviously think our stock is undervalued.” DC's stock price closed at 64 5/16 last Thursday, down from 107 ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.