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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.845-1.4%11:08 AM EST
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To: Sleeperz who wrote (2529)5/6/1998 8:54:00 AM
From: Urlman  Read Replies (1) of 5827
 
Daimler Says It's in Merger Talks With U.S. Chrysler
Daimler-Benz AG, the maker of Mercedes-Benz luxury cars, said it's in merger talks with Chrysler Corp., the U.S.'s third- largest automaker, in a transaction likely to be worth at least $27 billion that would create a transatlantic auto, aerospace and defense company. Daimler shares surged as much as 9 percent in Frankfurt and Chrysler shares rose 22 percent in Frankfurt on news of the talks, which Daimler said hadn't yet produced an agreement. The merger of Daimler, Germany's largest industrial company in terms of sales, would create the world's fifth-largest automaker in vehicles sold, trailing General Motors Corp., Ford Motor Co., Toyota Motor Corp. and Volkswagen AG. It would combine a luxury carmaker, Mercedes-Benz, with the U.S. market leader in minivans, light trucks and recreational vehicles. ------BLOOMBERG NEWS
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