DaimlerChrysler

02005-01-31 | Uncategorized | 0 comments

The emirate of Dubai has bought $1bn of DaimlerChrysler stock and is now the company’s third biggest shareholder.

The shares now belong to Dubai Holding, a company set up by the Dubai government in October to oversee the Gulf emirate’s economic development projects. Dubai now has around two percent of the company’s shares. Deutsche Bank owns 10.4% and the government of Kuwait owns 7.2%.

No wonder DaimlerChrysler designs mostly gas-guzzlers, eh? Makes me wonder what percentage of all the large car companies is owned by Arabic Oil nations?

0 Comments

Submit a Comment

Your email address will not be published.

Archives

Images

Concert Dates

Mon, Oct 16 2023 in Richmond, VA
@ Tin Pan

Wed, Oct 18 2023 in Sellersville, PA
@ Sellersville Theater

Thu, Oct 19 2023 in Cohoes, NY
@ Cohoes Music Hall

Fri, Oct 20 2023 in Norwalk, CT
@ Wall Street Theater

Sat, Oct 21 2023 in Red Bank, NJ
@ The Vogel

Sun, Oct 22 2023 in Old Saybrook, CT
@ The Kate

Social

@Mastodon (the Un-Twitter)