Taken for a ride

By Bill Vlasic

Subjects: Mergers, Automobile industry and trade, Fusion, Automobile industry and trade, germany, Daimler-benz aktiengesellschaft, Automobile industry and trade, united states, Daimler-Benz Aktiengesellschaft, Chrysler corporation, Chrysler Corporation, DaimlerChrysler AG

Description: "Reveals the unsuccessful attempt to take over Chrysler by its biggest shareholder, the reclusive billionaire Kirk Kerkorian, and its legendary retired CEO, 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 Jurgen Schrempp." -- Jacket.