Automotive Industry
Industry: Email Alert RSS FeedIt is time to get on with the DaimlerChrysler marriage.(Opinion)(Brief Article)
Automotive News Europe, April, 2005 by Lapham, Edward
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Byline: Edward Lapham
It took four years of legal wrangling and mudslinging and sucked tens of millions of dollars out of the company, but in the end a US court ruled in favor of DaimlerChrysler and against billionaire investor Kirk Kerkorian.
No one who was paying attention would have believed Daimler-Chrysler was created by a merger of equals, so you have to wonder why Kerkorian claimed he was misled by Daimler-Benz AG CEO Jurgen Schrempp into believing that it was.
Did Schrempp pull a fast one? Probably.
Should Kerkorian have known what was happening? Absolutely.
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