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Two of the world's most profitable car companies - having a strong presence in Europe, North America and Asia, with the enormous potential for even more growth around the globe - together will now rank third in the world in revenues and fifth in vehicle unit sales. Assets being blended include time-honored brands and speed to market, high-technology advances and product innovations in both the North American and European markets. Together, they form a global …

…single class of "registered ordinary shares," not as the "depository receipts" that German companies with bearer shares up to this point have used when their shares have been listed on the New York Stock Exchange. This action, like the merger itself, represents a historic first: Never before has a German registered company done this. Among other advantages, it represents a big step in making the new stock easy to trade -- all around the world.