Press Conference - January 19, 2004 at MAHLE Headquarters in Stuttgart/Bad Cannstatt
1. General Business Environment/Economic Situation in the Automotive Industry
2. Development of Business in the Year 2003
a) Sales: Increase despite negative exchange rate development
b) Financial Situation and Profits: Operating result is stagnating
c) Investments in Fixed Assets: Continued at a high level
d) Development of Workforce: Adaptation of staffing levels in Germany
3. Strategic Development of the Group
a) MAHLE Izumi Corporation
b) MAHLE majority joint venture with BMW AG
c) Air intake module production in Korea
d) Increase in investment in MAHLE Tennex Corporation to 73 per cent
e) 100 per cent acquisition of Chinese piston production CCI (future MAHLE Engine Components (Chongqing) Co., Ltd.)
f) Majority takeover of MAHLE Brockhaus GmbH as of January 1, 2004
4. Outlook
Press information (ZIP)