DaimlerChrysler AG last week inked a deal to acquire 100% of Detroit Diesel Corp. in a bid to become the world's leading manufacturer of high-powered diesel engines. Under the agreement, DC will purchase 78.7% of Detroit Diesel's outstanding shares for approximately $423 million or $23 per share. DC currently owns 21.3% of Detroit Diesel. DC says it will acquire Detroit Diesel's headquarters and engine plant in Redford, MI, as well as other global operations. The merger is expected to be ...
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- andheavy-duty truck volumes
•Historical data and much more!
Current subscribers, please login or CLICK for support information.