DaimlerChrysler hit by more lawsuits, labor unrest

Article Abstract:

Two more lawsuits have been filed against DaimlerChrysler CEO Juergen Schrempp for allegedly lying to shareholders when he said in 1998 that the union of Daimler-Benz and Chrysler would be a merger of equals. The lawsuits contend that Schrempp had no intention of running Chrysler independently but as a mere division of Daimler. Calls for Schrempp to resign have already intensified in Germany and the USA. A German shareholder activist group plans to submit a motion for Schrempp and other top DaimlerChrysler executives to resign at the company's annual shareholders meeting in Apr 2001.

Legal issues & crime

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German takeover continues as 3 more U.S. executives quit

Article Abstract:

Chrysler Corp continues with its management shake-up that is putting the Germans solidlyin control of the company. Three American executives have been forced to resign on Nov 20, 2000, the day when a new management team took over. The resignees include Theodor Cunningham, executive VP of global sales, Tony Cervone, head of global communications and Kathleen Oswald, chief administrative officer. On Friday, Nov 17, 2000, Chrysler Pres James Holden was forced to resign to be replaced by Dieter Zetsche.

Automobiles, Chrysler Corp.

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DaimlerChrysler loses design leader

Article Abstract:

Thomas Gayle has retired as Chrysler's chief automobile designer after serving the company for 33 years. Gayle was responsible for the design of the Dodge Viper, Plymouth Prowler and the PT Cruiser, cars that resuscitated Chrysler's image from that of being a maker of minivans. He was also one of the last remaining executives from Chrysler's management team before its acquisition by Daimler-Benz. Gayle plans to continue working as a design consultant for Chrysler after his retirement.

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