Taken for a Ride How Daimler-Benz Drove Off with Chrysler
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Uitgever: John Wiley & Sons Inc
Auteur:
Bill Vlasic
Bradley A. Stertz
Co-auteur:
Bradley A. Stertz
- Engels
- Hardcover
- 9780471497325
- 27 juni 2000
- 382 pagina's
Samenvatting
It was the deal heard round the world. In May 1998, a stunning $36 billion merger was announced by Chrysler, the all American automaker, and Daimler Benz, the German manufacturer of Mercedes Benz luxury sedans. The Wall Street Journal christened the deal ''the biggest industrial merger of all time.'' The marriage of Daimler and Chrysler promised to rock the global auto industry and draw up a blueprint for international consolidation on an epic scale.
But the union of Chrysler, the blue collar maker of Jeeps and minivans, with Daimler, the crown jewel of German industry, didn t turn out to be a merger made in heaven. When the dust settled, Daimler had bought Chrysler, and the shock waves reverberated on both sides of the Atlantic. An American icon lost its independence, and a German giant grew in power and influence.
The DaimlerChrysler deal brought together two automotive superpowers and triggered a chain reaction among competitors seeking partners around the world. In a gripping narrative ripped from the daily headlines, Bill Vlasic and Bradley A. Stertz of the Detroit News go behind the scenes of the defining corporate drama of the decade. With groundbreaking reporting, they reveal the untold story behind the unsuccessful attempt to take over Chrysler by its biggest shareholder, the reclusive billionaire Kirk Kerkorian, and its legendary retired, Lee Iacocca. Their startling grab for the smallest of Detroit s Big Three automakers sparked secret talks between Chrysler and Daimler on a massive joint venture. The first deal collapsed, but it set the stage for the final intense negotiations between Chrysler chairman Robert Eaton and Daimler chairman Jürgen Schrempp. It was hailed as a historic ''merger of equals'', but the euphoria evaporated amid a clash of cultures, identities, and personalities.
The action moves feverishly around the world with larger than life characters in the high stakes arena of international automaking. Taken for a Ride follows the twists and turns in the road to DaimlerChrysler and, in the end, emerges as a cautionary tale of the risks and rewards of going global.
But the union of Chrysler, the blue collar maker of Jeeps and minivans, with Daimler, the crown jewel of German industry, didn t turn out to be a merger made in heaven. When the dust settled, Daimler had bought Chrysler, and the shock waves reverberated on both sides of the Atlantic. An American icon lost its independence, and a German giant grew in power and influence.
The DaimlerChrysler deal brought together two automotive superpowers and triggered a chain reaction among competitors seeking partners around the world. In a gripping narrative ripped from the daily headlines, Bill Vlasic and Bradley A. Stertz of the Detroit News go behind the scenes of the defining corporate drama of the decade. With groundbreaking reporting, they reveal the untold story behind the unsuccessful attempt to take over Chrysler by its biggest shareholder, the reclusive billionaire Kirk Kerkorian, and its legendary retired, Lee Iacocca. Their startling grab for the smallest of Detroit s Big Three automakers sparked secret talks between Chrysler and Daimler on a massive joint venture. The first deal collapsed, but it set the stage for the final intense negotiations between Chrysler chairman Robert Eaton and Daimler chairman Jürgen Schrempp. It was hailed as a historic ''merger of equals'', but the euphoria evaporated amid a clash of cultures, identities, and personalities.
The action moves feverishly around the world with larger than life characters in the high stakes arena of international automaking. Taken for a Ride follows the twists and turns in the road to DaimlerChrysler and, in the end, emerges as a cautionary tale of the risks and rewards of going global.
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- Hardcover
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- 27 juni 2000
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- 382
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- Hoofdauteur
- Bill Vlasic
- Tweede Auteur
- Bradley A. Stertz
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- Bradley A. Stertz
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- John Wiley & Sons Inc
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- 9780471497325
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