DaimlerChrysler Revises Sales Upward By $150 Billion

FRANKFURT: DaimlerChrysler AG, the U.S.-German automaker, said Tuesday it expects full-year sales to reach 140 billion euros (US$149.7 billion), above its original forecast of 137 billion, it expects sales to rise to 153 billion by 2001. In an upbeat address at the new company's first annual general meeting in Stuttgart, Chairman Juergen Schrempp said synergies from the merger of the two companies last year were beginning to show through. "In the next 10 years we want to double the revenues of DaimlerChrysler," Schrempp said. "This company is already worth more than the sum of its parts." The company aims to boost its total market share in western Europe over the medium term, with its share rising from 4.6% to 5.3% in the last four months alone. It also hopes to raise its market share in the U.S., Schrempp said.

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