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The deal is expected to close by the end of the year. An odd couple or a perfect fit? At first, the pairing of the scrappy Chrysler, considered by many to be an American success story with Daimler-Benz, the stodgy German industrial giant may seem strange. But Schrempp said the merger makes for a "perfect fit". ( 327K WAV) or ( 327 AIFF)
"This merger of equals will catapult DaimlerChrysler into the industry's top three in market capitalization with an equally strong credit position, " Eaton told reporters at a news conference in London. "By realizing the synergies, and with our combined strengths we believe that we are ideally situated for growth in the marketplace as we go forward. " Juergen Schrempp Robert Eaton
Eaton also said his willingness to partner Chrysler with Daimler-Benz stemmed from his view consolidation may soon break wide open in the auto business. ( 302K WAV) or (302K AIFF)
Eaton and Schrempp, 53, will be share the posts of chairman and CEO at DaimlerChrysler for three years, after which Eaton, 58, plans to retire.
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It was unclear what the 'new allegations' would entail. Hunter Biden, left, has long been known for his failed business deals. He is pictured with his father Joe Biden insists that he was never aware of what Hunter was doing in business On Thursday, ahead of the debate, Bobulinski said: 'It was made clear to me that Joe Biden's involvement was not to be made in writing, but only face to face. ' He added: 'I have no wish to bury anyone. ' Bobulinski is listed as one of the recipients of a May 13, 2017, email detailing their business deal, and he claims that 'the big guy' mentioned is a reference to Joe Biden, whom he claims Hunter regularly asked for business advice. Joe Biden has always insisted he was not involved in Hunter's numerous business ventures. Bobulinski's account of his dealings with Hunter Biden, and his allegations about Joe was provided to the Wall Street Journal in late October. The Journal began investigating the documents Bobulinski provided, and concluded, in a report published on the night of the debate, October 22, that there was no evidence Joe Biden had any role in their company.