News - Jürgen E. Schrempp
The biggest golden parachute ever given a European executive awaits Porsche chief Wendelin Wiedeking, The Sunday Times of London reported. Without naming sources, the newspaper reported that should Volkswagen complete a purchase of the debt-burdened German sports car maker, Wiedeking would stand to
By Rick Popely and Jim Mateja, Chicago Tribune Apr. 8--They married in 1998 but have been sleeping in separate beds most nights since the honeymoon.
BERLIN _ The Germans want a divorce. The refrain was heard many times Wednesday at the DaimlerChrysler AG annual shareholders meeting, as shareholders urged an unwinding of the 1998 merger that brought Daimler-Benz AG together with Chrysler Corp.
DETROIT _ Private equity firms eyeing a potential Chrysler Group purchase _ one of which reportedly hired former Chrysler executive Wolfgang Bernhard _ feel the Auburn Hills, Mich.-based unit of DaimlerChrysler AG is worth $5 billion, an analyst said Tuesday.
By Joe Guy Collier, Detroit Free Press Jun. 29--With General Motors Corp. and Ford Motor Co. struggling in the United States, DaimlerChrysler AG plans to make it clearer to U.S. consumers that Chrysler Group is not part of the Big 3 but a unique German-American company.
