Automotive giant DaimlerChrysler, Auburn Hills, MI, has consolidated all its existing and future e-business investments and holdings in its new subsidiary DCX NET Holding.
DCX NET will maintain offices in New York, Detroit, Tokyo, Palo Alto, CA and Stuttgart, Germany.
The unit, launched with start-up capital of $500 million, forms the nucleus of the corporate-wide DCX NET initiative, which the company hopes will make it faster, more efficient and more competitive in areas ranging from purchasing to sales.
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