|29th July 2005, 09:28||#1|
Join Date: Feb 2004
Thanked: 141,024 Times
Mercedes Benz / Daimler Chrysler change of Leadership!
Accused of several value destroying initiatives, Chief Executive Jurgen Schrempp has been unceremoniously fired by Daimler Chrysler.
Jurgen was always a strong yet extremely controversial personality. From failed investments in aircrafts to the arguably disastrous merger with Chrysler...Jurgen is also responsible for the shift in Mercs philosophy from over-engineered automobiles to "cost-effective" products.
Link to MarketWatch Story
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