Why did daimlerchrysler split

For the fourth quarter of alone, Daimler said its Chrysler stake pulled its results lower by some 2 billion euros. The German company reported a 1. Daimler is scheduled to release its first-quarter earnings on Tuesday. Cerberus' acquisition of The Chrysler plant in Newark, Del.

DaimlerChrysler Chairman Dieter Zetsche. Photo Gallery See more photos. Quick Vote. It will benefit them by keeping Chrysler in business. Crucial cars for Chrysler.

Ford family may give up control. Top Stories 7 things to know before the bell. SoftBank and Toyota want driverless cars to change the world. Why it's time for investors to go on the defense. Photo Gallery. There are those who say the merger, which faced significant cultural differences, was doomed from the start. It was simply an exercise in empire-building by Juergen Schrempp," said Dave Healy, analyst with Burnham Securities, referring to the then-Daimler-Benz chairman and why the merger failed.

Monday's deal wasn't the way things were supposed to work out when Chrysler Corp. The plan was for Chrysler to use Daimler parts, components and even vehicle architecture to sharply reduce the cost to produce future vehicles. But problems surfaced when Daimler's Mercedes-Benz luxury division, whose components Chrysler would use, was reluctant to share with its mass-market partner.

In the end, all Chrysler got were some steering and suspension components, a transmission and a diesel engine and some purchasing deals. In return, Daimler had hoped that Chrysler would dramatically increase its footprint in the promised land of auto sales -- North America.

But thanks in large part to stiff competition from Asian carmakers, Chrysler fell short. The real impetus for the merger, however, may have been more elementary. At first, General Jodl hoped to limit the terms of German surrender to only those forces still Live TV.

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