Mercedes 2010 Annual Report Download - page 9
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To Our Shareholders | Important Events in 2010 | 5
Settlement with US authorities. Daimler AG reaches a settle-
ment with the US Securities and Exchange Commission and the
US Department of Justice to conclude investigations of possible
violations of the US Foreign Corrupt Practices Act.
Cooperation with Renault-Nissan. Daimler and Renault-Nissan
agree on wide-ranging strategic cooperation. The main shared
projects are a new architecture for the smart, new three- and
four-cylinder engines and small vans.
Start of van production in China. The first Mercedes-Benz
Viano produced by Fujian Daimler Automotive rolls off the assem-
bly line at the new plant in Fuzhou. Fujian Daimler Automotive
is a joint venture established by the Fujian Motors Group, China
Motor Corporation and Daimler in 2007.
End of stock-exchange listing in New York. The Supervisory
Board and the Board of Management of Daimler AG decide to end
the listing of Daimler shares on the New York Stock Exchange.
The Company continues to place great importance on having an
international shareholder base. However, Daimler shares are
mainly traded in Frankfurt, also by international investors.
Daimler Financial Services announces the combination of
its activities in Germany. The worldwide headquarters of Daimler
Financial Services are to be relocated from Berlin to Stuttgart
and brought together under one roof with the headquarters of
Mercedes-Benz Bank. The aim is to create leaner processes and
structures while securing the division’s competitive position.
Joint venture for the development of electric vehicles in
China. BYD and Daimler AG agree to establish a 50:50 joint
venture, Shenzhen BYD Daimler New Technology Co. Ltd., for the
development of electric vehicles for the Chinese market.
Daimler Day in China. Due to the increasing importance of the
Chinese market, Daimler invites investors and analysts to its first
corporate day in Beijing.
Daimler increases equity interest in Kamaz. Daimler increases
its shareholding in Kamaz, thus strengthening the strate gic
partnership with the Russian truck producer. Daimler’s economic
interest in Kamaz is now 15%.
Second quarter