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Auto Industry / Daimler-Benz-Chrysler Merger #180292

ABC Evening News for Thursday, May 07, 1998
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(Studio: Peter Jennings) Report introduced. [Note: local weather bulletin on screen.]

(New York: Betsy Stark) The official merger of Daimler-Benz with Chrysler examined; scenes shown from the signing ceremony. [Daimler's Juergen SCHREMPP - calls it a "marriage in heaven."] The reaction of the union to the merger noted. [UAW President Steven YOKICH - worries about the future.] The experts' expectation of further auto industry consolidation and consequent layoffs down the road noted. [Auto analyst John CASESA - says workers in the US, Asia and Europe could be at risk.]

Jennings, Peter;
Stark, Betsy

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