Archived posting to the Leica Users Group, 1996/07/22
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]At 03:00 AM 7/22/96 -0400, Patrick Sobalvarro wrote: >Isn't Mercedes-Benz publicly traded? I don't see strong indications that >they've decided to roll over and die, or become badge engineers. No, it isn't. The PARENT company, Daimler Benz, however, is, and recently became the first major German concern to accede to Anglo-American accounting practices so that it could be traded on the Big Board. This was something of a survival move, however: Mercedes' sales have been so slow of late that the losses there have driven the otherwise-profitable Daimler concern close to the line. The change in accounting procedures forced Daimler to acknowledge some huge problems internally. One of the outright victims was Fokker aviation, another subsidiary. Marc msmall@roanoke.infi.net FAX: +540/343-7315 Cha robh bas fir gun ghras fir!