TORONTO, Aug. 18 /CNW/ - Daimler Canada Finance Inc. (DCFI) announced today that it did not file with the Canadian securities regulatory authorities the Interim Report of Daimler AG for the second quarter on Form 6-K in accordance with United States disclosure requirements as required by the decision of those authorities granted in June 2005, but it did file on July 28, 2010 the Interim Report of Daimler AG for the second quarter prepared in accordance with German disclosure requirements, which corresponds with the reports previously filed in accordance with United States disclosure requirements on Form 6-K.
This Interim Report was not filed on Form 6-K because Daimler AG is no longer obligated to file reports with the United States Securities and Exchange Commission (SEC) as a result of the voluntary withdrawal of Daimler AG's securities from listing on the New York Stock Exchange and from registration with the SEC.
Since June 2005, DCFI has relied upon a decision of the Canadian securities regulatory authorities exempting it from, among other things, the continuous disclosure requirements of Canadian securities laws and permitting it to satisfy those requirements by filing continuous disclosure documents required to be filed by its parent, Daimler AG, with the SEC.
DCFI has submitted an application to the Canadian securities regulatory authorities for a decision permitting it to satisfy its Canadian continuous disclosure obligations by filing the continuous disclosure documents required to be filed by Daimler AG under German law in substitution of filing the continuous disclosure documents previously required to be filed by Daimler AG with the SEC and filing its own continuous disclosure documents.
If the decision is granted, DCFI will continue not to be required to file with the Canadian securities regulatory authorities its own separate continuous disclosure documents and will be permitted to file the continuous disclosure documents required to be filed by Daimler AG under German law, except where there are material changes in the affairs of DCFI that are not also material changes in the affairs of Daimler AG.
DCFI intends to satisfy its obligations under NP 12-203 by issuing news releases with respect to material changes in the information contained in this news release and material changes in the affairs of DCFI that are not also material changes in the affairs of Daimler AG.
DCFI is an indirect wholly-owned subsidiary of Daimler AG that was formed to access Canadian and foreign capital markets to raise funds for Daimler AG's subsidiaries in Canada. Daimler AG unconditionally guarantees the medium-term notes issued by DCFI.
Further information from Daimler is available on the internet at: www.media.daimler.com and www.daimler.com
This document contains forward-looking statements that reflect our current views about future events. The words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including a lack of further improvement or a renewed deterioration of global economic conditions, in particular a renewed decline of consumer demand and investment activity in Western Europe or the United States, or a downturn in major Asian economies; a continuation or worsening of the tense situation in the credit and financial markets, which could result in a renewed increase in borrowing costs or limit our funding flexibility; changes in currency exchange rates or interest rates; the ability to continue to offer fuel-efficient and environmentally friendly products; a permanent shift in consumer preference towards smaller, lower margin vehicles; the introduction of competing, fuel-efficient products and the possible lack of acceptance of our products or services, which may limit our ability to adequately utilize our production capacities or raise prices; price increases in fuel, raw materials and precious metals; disruption of production due to shortages of materials, labor strikes, or supplier insolvencies; a renewed decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization programs at all of our segments, including the repositioning of our truck activities in the NAFTA region and in Asia; the business outlook of companies in which we hold an equity interest, most notably EADS; the successful implementation of the strategic cooperation with Renault-Nissan, changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending governmental investigations and the outcome of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading "Risk Report" in Daimler's most recent Annual Report and under the headings "Risk Factors" and "Legal Proceedings" in Daimler's most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission. If any of these risks and uncertainties materialize, or if the assumptions underlying any of our forward-looking statements prove incorrect, then our actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made.
Daimler AG is one of the world's most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world's biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides its customers with a full range of automotive financial services including financing, leasing, insurance and fleet management. The company's founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. As an automotive pioneer, Daimler continues to shape the future of mobility. The Group applies innovative and green technologies to produce safe and superior vehicles which fascinate and delight its customers. With the development of alternative drive systems, Daimler is the only vehicle producer investing in hybrid drive, electric motors and fuel-cell systems, with the goal of achieving emission-free mobility in the long term. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment. Daimler sells its vehicles and services in nearly all the countries of the world and has production facilities on five continents. Its current brand portfolio includes, in addition to the world's most valuable automotive brand, Mercedes-Benz, the brands smart, Maybach, Freightliner, Western Star, Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange symbol DAI). In 2009, the Group sold 1.6 million vehicles and employed a workforce of more than 256,000 people; revenue totaled (euro)78.9 billion and EBIT amounted minus (euro)1.5 billion.
For further information: For further information: Julia Engelhardt, +1 212 909 9062