Shareholders Target Airbus' Poor Environmental Record at Daimler Chrysler Annual Meeting

Apr 10, 2001, 01:00 ET from International Fund for Animal Welfare

    BERLIN, April 10 /PRNewswire/ -- Shareholders at the third Annual Meeting
 of Daimler Chrysler AG, taking place in Berlin today, are calling on the
 company to take swift action to make Airbus go green, announced the
 International Fund for Animal Welfare (IFAW-www.ifaw.org).
     Daimler Chrysler, owner of 26.4% of aircraft manufacturer Airbus Industrie
 (a subsidiary of EADS), is facing questions from angry shareholders on Airbus'
 plans to fill 175 acres of legally protected wetland in Hamburg, Germany.  The
 shareholders are objecting to Airbus' destruction of Muhlenberger Loch, the
 largest freshwater tidal ecosystem in Europe, in order to build a proposed
 facility where Airbus' new line of A380 super jumbos will be outfitted with
 internal furnishings including interior paint, carpets and seats.  Manufacture
 of the A380 at the new Hamburg factory will account for no more than 5% of
 this airplane's total production.
     According to IFAW's Habitat Director Jared Blumenfeld, "Airbus has ignored
 environmental laws, ignored protests by farmers, and ignored public opinion,
 which are all against Airbus destroying one of Europe's environmental gems.
 Today, Airbus will hear a loud and clear message from its shareholders urging
 the plane manufacturer to immediately cancel their plans for destroying the
 internationally protected Hamburg wetland. Airbus may not wish to respect the
 law but we believe they will listen to their shareholders."
     The Daimler Chrysler shareholders are presenting several objections at the
 shareholder meeting in Berlin today at which over 20,000 shareholders are
 expected to attend.  In a letter to the Daimler Chrysler Board of Directors,
 the shareholders wrote, "The Board of Directors and Board of Supervisors
 pushed through dividing production of the new super-jumbo Airbus A380 jet
 between Hamburg and Toulouse.  This site decision was intended only to
 pressure the participating regions into offering high subsidies (a total of
 more than 4.8 billion Euros) in exchange for vague prospects for new jobs.
 Without grants from tax monies it would be economically irrational.  In
 addition, it means the destruction of freshwater mudflats that are unique in
 Europe, the 'Muhlenberger Loch,' near Hamburg, where the shallows provide the
 most important spawning area for the fish in the Elbe.  This business policy
 is socially and ecologically intolerable!" (translation by IFAW).
     The International Fund for Animal Welfare (IFAW) and a coalition of German
 NGOs have been fighting Airbus' plans to destroy the Muhlenberger Loch. The
 anti-Airbus activities at the Berlin Annual Meeting of Daimler Chrysler have
 been organized by Critical Shareholders, a German organization.
 
 

SOURCE International Fund for Animal Welfare
    BERLIN, April 10 /PRNewswire/ -- Shareholders at the third Annual Meeting
 of Daimler Chrysler AG, taking place in Berlin today, are calling on the
 company to take swift action to make Airbus go green, announced the
 International Fund for Animal Welfare (IFAW-www.ifaw.org).
     Daimler Chrysler, owner of 26.4% of aircraft manufacturer Airbus Industrie
 (a subsidiary of EADS), is facing questions from angry shareholders on Airbus'
 plans to fill 175 acres of legally protected wetland in Hamburg, Germany.  The
 shareholders are objecting to Airbus' destruction of Muhlenberger Loch, the
 largest freshwater tidal ecosystem in Europe, in order to build a proposed
 facility where Airbus' new line of A380 super jumbos will be outfitted with
 internal furnishings including interior paint, carpets and seats.  Manufacture
 of the A380 at the new Hamburg factory will account for no more than 5% of
 this airplane's total production.
     According to IFAW's Habitat Director Jared Blumenfeld, "Airbus has ignored
 environmental laws, ignored protests by farmers, and ignored public opinion,
 which are all against Airbus destroying one of Europe's environmental gems.
 Today, Airbus will hear a loud and clear message from its shareholders urging
 the plane manufacturer to immediately cancel their plans for destroying the
 internationally protected Hamburg wetland. Airbus may not wish to respect the
 law but we believe they will listen to their shareholders."
     The Daimler Chrysler shareholders are presenting several objections at the
 shareholder meeting in Berlin today at which over 20,000 shareholders are
 expected to attend.  In a letter to the Daimler Chrysler Board of Directors,
 the shareholders wrote, "The Board of Directors and Board of Supervisors
 pushed through dividing production of the new super-jumbo Airbus A380 jet
 between Hamburg and Toulouse.  This site decision was intended only to
 pressure the participating regions into offering high subsidies (a total of
 more than 4.8 billion Euros) in exchange for vague prospects for new jobs.
 Without grants from tax monies it would be economically irrational.  In
 addition, it means the destruction of freshwater mudflats that are unique in
 Europe, the 'Muhlenberger Loch,' near Hamburg, where the shallows provide the
 most important spawning area for the fish in the Elbe.  This business policy
 is socially and ecologically intolerable!" (translation by IFAW).
     The International Fund for Animal Welfare (IFAW) and a coalition of German
 NGOs have been fighting Airbus' plans to destroy the Muhlenberger Loch. The
 anti-Airbus activities at the Berlin Annual Meeting of Daimler Chrysler have
 been organized by Critical Shareholders, a German organization.
 
 SOURCE  International Fund for Animal Welfare