Word: auto
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...actually, how they came to be an item: following some small talk last year over a possible joint venture in Latin America or maybe Asia, Juergen Schrempp, 53, chairman of doughty Daimler-Benz, invited Chrysler chief Robert Eaton, 58, to spend some quiet time alone during the crowded Detroit Auto Show in January. Schrempp said he liked Chrysler a lot and suggested that maybe they should consider going...
...merged company will definitely not save money on labor, on either side of the Atlantic--a point that was well received by workers. "We think it's good for Chrysler and our union," said United Auto Workers president Stephen P. Yokich, who represents more than 64,000 blue-collar and 7,000 salaried Chrysler personnel. "But we'll take a good look at it. Our job is to protect the interests of our members...
...While the speed of the deal took analysts by surprise, the disparity didn't. Daimler, after all, is an automotive colossus, the second largest carmaker in Europe. "German auto pros will tell you directly -- Daimler is buying Chrysler," reports TIME's Bonn Bureau Chief Jordan Bonfante. "Germany is buying the U.S., and they've got deep pockets...
...Daimler-Benz It's a match made in Detroit heaven: Luxury European auto meets mass-market American car. They marry, and await the pitter-patter of $131 billion in annual worldwide sales. That's the love story Wall Street would like to write for Daimler Benz and Chrysler, who went public with their wooing Wednesday. Why? Because the dowry would be huge: Sources close to the deal say Daimler would buy their bride for $35 billion, a full $8 billion above Chrysler's market value. Such a wedding would make for the largest industrial merger in history...
...presumably to assure his silence. Trouble is, Eidson is very much alive; he denies any involvement in King's murder, and there is no evidence to dispute him. Then there is the man identified by Pepper as the mastermind of the plot. He turns out to be a retired auto worker in New York State; he also denies any wrongdoing, and there's no evidence against him either. There are many more examples of Pepper's recklessness, especially in Gerald Posner's new book on the King assassination, Killing the Dream. But you get the idea...