DECEMBER 18, 2000
Chrysler continues to drag down Schrempp
JURGEN SCHREMPP, the chairman of DaimlerChrysler, has been under pressure of late because of problems with the Chrysler Corporation.
Chrysler's poor performance has put Schrempp under pressure from shareholders in America and Europe over his admission that the "merger" of Daimler Benz and Chrysler was simply a takeover of the US company. Chrysler investor Kirk Kerkorian is suing DaimlerChrysler for $9 billion claiming that Schrempp misled Chrysler shareholders.