"a car group plagued by quality problems, a severe handicap in the world of luxury automobiles, where customers expect powerful engines and complex electronics to work harmoniously."
I don't want a luxury car, I want a reliable and long lasting one. I don't wan't a powerful engine, I want an efficient one. I hate complex electronics - manual sunroof is my dream...the network of brass rods on the 240D throttle is beautiful... ...DC is not the MB it used to be...total shift in priorities. Pity. Christopher --- Rich Thomas <[EMAIL PROTECTED]> wrote: > August 18, 2005 > > > Passed Over for Top Post, Head of Mercedes-Benz > Will Resign > > By CARTER DOUGHERTY, > International Herald Tribune > > FRANKFURT, Aug. 18 - Eckhard Cordes, the head of the > Mercedes-Benz car > division who last month lost the race to become > DaimlerChrysler's chief > executive, will resign from the automaker at the end > of the month, the > company announced today. > > Dieter Zetsche, the incoming chief executive, will > take personal control > of the troubled Mercedes group as of Sept. 1. > > Mr. Cordes, 54, "will leave the company at his own > request," Daimler > said in a brief statement. > > Mr. Cordes offered to leave on July 28, soon after > Daimler's chief > executive, Jürgen E. Schrempp, announced his own > departure at the end of > the year. > > Mr. Zetsche, the German executive who brought the > company's Chrysler > division back to profitability after years of > losses, was already > scheduled to lead DaimlerChrysler effective Jan. 1, > when Mr. Schrempp > leaves. He joins General Motors' chief executive, > Rick Wagoner, in > shouldering multiple roles: Mr. Wagoner assumed > direct control of G.M.'s > North American operations this year. > > Daimler, which is based in Stuttgart, German, did > not say when a > permanent replacement for Mr. Cordes would be named. > > The early exit of Mr. Cordes will also move up > planned changes at > Chrysler. With Mr. Zetsche now leaving next month > instead of late in the > year, Chrysler's chief operating officer, Thomas > LaSorda, will assume > the leadership of the American automaker on Sept. 1. > > The departure of Mr. Cordes, the subject of much > speculation since Mr. > Schrempp's announcement, caps a power struggle that > had pitted him > against Mr. Zetsche for much of the past year, as > industry analysts > speculated who would succeed Mr. Schrempp, the chief > executive tarnished > by the weak performance of Daimler since its merger > with Chrysler in 1998. > > DaimlerChrysler did little to dampen speculation > that Mr. Cordes, who > assumed control of Mercedes late last year, would > not serve indefinitely > under Mr. Zetsche. Days after the July 28 > announcement, Mr. Cordes > exercised options for, and immediately sold, a large > quantity of Daimler > stock. > > Daimler's shares crept upward before the > announcement of Mr. Schrempp's > resignation, and then surged afterward, prompting > German securities > regulators to begin an investigation into possible > insider trading this > week. > > Mr. Cordes, a 29-year employee of Daimler, bequeaths > to Mr. Zetsche a > car group plagued by quality problems, a severe > handicap in the world of > luxury automobiles, where customers expect powerful > engines and complex > electronics to work harmoniously. > > Mercedes officials said earlier that the worst was > over following a huge > recall in the United States and the announcement of > a restructuring plan > for its Smart car division. > > But weak performance depressed Daimler's profit in > the second quarter. > > Mercedes has also garnered a round of bad publicity > over investigations > into allegations of bribery at the automaker. The > United States Justice > Department and German prosecutors are investigating > suspicious > transactions involving Mercedes's overseas > operations. > > > _______________________________________ > For used parts email [EMAIL PROTECTED] > For new parts see www.buymbparts.com > For repairs see www.oldworldauto.com > > To Unsubscribe or change delivery options go to: > http://striplin.net/mailman/listinfo/mercedes_striplin.net > Christopher McCann, Raytown, Missouri -1985 300SD, 209K miles, "Wulf" (http://www.pictureblogger.com/My-1985-Mercedes-Benz-300SD) -1976 240D, ManyK miles, "AKP-Wagen" (Alternativen Kraftstoffs Prüfenlastwagen = Alternative Fuel Test Vehicle) -1998 Toyota Sienna CE, 99K miles, "The Van" ____________________________________________________ Start your day with Yahoo! - make it your home page http://www.yahoo.com/r/hs
