Daimler CEO says Renault-Nissan alliance better than Chrysler merger

Posted: Apr 08, 2010
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Daimler and Chrysler’s divorce back in day is one that made headlines in the automotive industry. Chrysler, which was originally sold by Daimler to investment company Cerberus Capital Management, is now under the management control of Fiat SpA after undergoing a government-scripted Chapter 11 bankruptcy.

Comparing its new alliance with Renault-Nissan, Daimler CEO Dieter Zetsche said that his company’s relationship with Carlos Ghosn’s companies is much better than the one it had with Chrysler.

“After nine years of working together with Detroit we had less on our hands than we do today. That is our main learning” from the Chrysler experience, said Zetsche.

Ouch.

- By: Omar Rana

Source: DriveOn


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