According to Bloomberg, Diamler president might be under pressure from stock holders to sell unprofitable Chrysler. Yet another merger that fails to deliver.
The piece I like the most is this: "Maintaining a corporate name that evokes associations with the failure of the business combination with Chrysler is detrimental to the image of the corporation and its products,'' they say in a motion for the meeting. ``This is all the more true as unflattering nicknames such as Doting Daimler, Daimler-Crisis or even Crime-ler have long been in circulation.''
But also this: "We've said right from the very beginning that two very different car manufacturers like Mercedes and Chrysler don't fit together,'' said Juergen Graesslin, head of the Critical Shareholders of DaimlerChrysler Association that voted against the takeover at a special shareholders meeting in 1998. "Premium and mass market are incompatible.''
Linky for those interested:
http://www.bloomberg.com/apps/news?p...m64&refer=home