As part of its effort to support a sagging stock price, DaimlerChrysler plans to:
Achieve $5.7 billion in savings by 2003
Trim $475 million to $570 million from worldwide administrative overhead
Eliminate up to 1,500 jobs in Stuttgart, Auburn Hills and divisional headquarters
Lower North American marketing costs, including advertising, rebates, lease subsidies and residual losses, from the second-quarter figure of $2.1 billion.