Word: daimler
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...with disgruntled shareholders. They attacked him for the company's biggest ever recall, announced on March 31, which will pull 1.3 million Mercedes-Benz cars worldwide back into the garage because of problems with voltage regulators, faulty software and defective braking systems in some models. They attacked him because Daimler announced it would take a €1.2 billion charge in 2005 to restructure its struggling Smart mini-car unit, which hasn't made a profit since its 1998 launch. And they attacked him for what Thomas Maier, fund manager at Union Investment - Germany's third largest investment fund, which holds...
Wolfgang Bernhard says he "wanted to learn the business hands on, rather than be a remote-control, distant manager." So when he was sent by Daimler-Chrysler executives in Germany to help steer their struggling Chrysler unit in Detroit, Bernhard worked three days a month on the company's factory floor. Bernhard's innovations paid off: the company was the only U.S. carmaker to pick up market share this year. But when Bernhard opposed giving the troubled Mitsubishi unit an injection of $2 billion, he found himself without a job. Volkswagen quickly offered Bernhard a high-powered encore: as chairman...
...even the family’s butler Pagoda taps an emotional nerve as he stabs deceptive employer Royal Tenenbaum in the stomach, then loyally drags him to safety. But multi-dimensional characters are nowhere to be found aboard the cramped Life Aquatic, where the equivalent manservant role of Klaus Daimler is played with one-note efficiency by Willem Dafoe. Owen Wilson (as Zissou’s alleged illegitimate offspring) and Anjelica Huston (as Zissou’s dedicated wife) play their roles with such maddeningly detached insincerity that even their supposedly emotive scenes are one thin ironic line away from...
...track. He most recently ran the parent company's truck division, where he managed a remarkable turnaround by cutting costs and emphasizing profitability. Following a 2002 loss, the unit turned a $1 billion operating profit last year. With that sort of record, Cordes just might find himself as Daimler's next chairman...
...trying to wean itself off the plaid; less than 15% of its wares now carry it. But will that stop thugs from buying counterfeit items that rip it off? A new floral print planned for next year might see to that. Think Twice Before Merging Five years after Daimler-Benz and Chrysler merged, the transatlantic deal is still under fire from investors. A U.S. court will this week begin hearing charges that the marriage was wrongly billed as a "merger of equals." U.S. billionaire Kirk Kerkorian - Chrysler's biggest shareholder prior to the $36 billion tie-up - is suing DaimlerChrysler...