Date: Wed, 24 Nov 1999 15:08:24 -0800
Reply-To: Steve <sxs@CONCENTRIC.NET>
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From: Steve <sxs@CONCENTRIC.NET>
Subject: DaimlerChrysler Bought Westfalia Stake?
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http://www.daimlerchrysler.de/index_e.htm?/news/top/t90510_e.htm
DaimlerChrysler to Acquire Stake in Westfalia
Werke's Vehicle Customization Business
Stuttgart, May 10, 1999
DaimlerChrysler has announced plans to purchase a 49
percent
stake in the vehicle customization business of
Westfalia Werke
GmbH & Co, Rheda-Wiedenbrück, Germany.
A memorandum of understanding between the two
companies
has already been signed. The the purchase will take
effect on
Oct.1 and Westfalia Werke GmbH will continue to
operate as an
independent, medium-sized firm after the deal goes
through.
Westfalia Werke GmbH & Co has an excellent reputation
throughout Germany, the U.S. and Japan. The company is
well-known for its customization of recreational
vehicles and for its
vehicle coupling and trailer divisions, which will
continue to be run
independently.
DaimlerChrysler's participation in Westfalia Werke
reflects the
company's commitment to satisfying the increasing
demand of
individual customers for customization of vans and
recreational
vehicles.
"The ability to meet individual customer requirements
and provide
customized accessories is an important determinant of
success
for automobile manufacturers today," explained Dr.
Rolf Bartke,
director of DaimlerChrysler's Vans Europe business
unit.
DaimlerChrysler's acquisition of a part of Westfalia
Werke is a
step toward satisfying the growing demand for
so-called vehicle
system packages. What this means is that customers -
if they so
desire - can obtain complete service from one
provider. This
service begins with the purchase of the new vehicle
and
encompasses everything from maintenance and service
packages
to spare parts supply, financing and used car
trade-in.
Daimler Chrysler and Westfalia already work together
on
customization of the Vito F, Vito Marco Polo and
Sprinter James
Coock vehicles. DaimlerChrysler's 49 percent stake
will solidify
Westfalia's financial and technical base and create
favorable
conditions for successful business expansion.
News
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