Mercedes-Benz AG — M&A Activity 2004

Dec 13, 2004

News Details

Ad-hoc | 13 December 2004 12:45

DCAG and General Motors: Joint Development of Hybrid Propulsion Systems

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DCAG and General Motors: Joint Development of Hybrid Propulsion Systems Detroit/Stuttgart – DaimlerChrysler AG, 70546 Stuttgart, Germany, and General Motors Corporation will announce today a joint program that will advance the state of hybrid technology. DaimlerChrysler AG and General Motors will sign today a non-binding “memorandum of understanding” and intend to enter into a definitive agreement in early 2005. end of ad-hoc-announcement (c)DGAP 13.12.2004 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The companies plan to work together to develop a two-mode full hybrid propulsion architecture for applications in General Motors, Chrysler Group and Mercedes Car Group vehicles. This technology is expected to improve acceleration performance while also improving vehicle fuel economy and range significantly. Variants planned include rear- and front-wheel-drive versions for cars, trucks and Sport Utility Vehicles (SUVs). The development of a common hybrid propulsion architecture is the basis of the cooperation. The two-mode full hybrid drive system will be mated to different engines. Each company will integrate the two-mode full hybrid into its own vehicles. ——————————————————————————– WKN: 710000; ISIN: DE0007100000; Index: DAX, EURO STOXX 50 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; NYSE; Pacific Stock Exchange (San Francisco, Los Angeles); Chicago Stock Exchange; Philadelphia Stock Exchange; Euronext (Paris); Swiss Exchange; Tokio; 131245 Dez 04