Tuesday, May 15, 2007
Chrysler and Mercedes synergies were overestimated
DAIMLER CHRYSLER chief executive, Dieter Zetsche, told yesterday's press conference that Chrysler had a better chance of building-up its business under private-equity ownership.
"It will be shielded from the pressure of analysts and investors focused on short-term returns," he said.
Chrysler's current CEO, Tom La Sorda, will continue to head Chrysler under the new owners.
The Germany-based car-maker, called Daimler-Benz prior to the 1998 merger, said it would rename itself Daimler AG.
DATED: 15.05.07
FEED: AW
"It will be shielded from the pressure of analysts and investors focused on short-term returns," he said.
Chrysler's current CEO, Tom La Sorda, will continue to head Chrysler under the new owners.
The Germany-based car-maker, called Daimler-Benz prior to the 1998 merger, said it would rename itself Daimler AG.
DATED: 15.05.07
FEED: AW
