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1 Beaverton Automotive- Pictorial

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This title in other editions

Taken for a Ride: How Daimler-Benz Drove Off with Chrysler

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Taken for a Ride: How Daimler-Benz Drove Off with Chrysler Cover

 

Synopses & Reviews

Publisher Comments:

It was the deal heard round the world. In May 1998, a stunning $36 billion merger was announced by Chrysler, the all-American automaker, and Daimler-Benz, the German manufacturer of Mercedes-Benz luxury sedans. The Wall Street Journal christened the deal "the biggest industrial merger of all time." The marriage of Daimler and Chrysler promised to rock the global auto industry and draw up a blueprint for international consolidation on an epic scale.

But the union of Chrysler, the blue-collar maker of Jeeps and minivans, with Daimler, the crown jewel of German industry, didn't turn out to be a merger made in heaven. When the dust settled, Daimler had bought Chrysler, and the shock waves reverberated on both sides of the Atlantic. An American icon lost its independence, and a German giant grew in power and influence.

The DiamlerChrysler deal brough together two automotive superpowers and triggered a chain reaction among competitors seeking partners around the world. In a gripping narrative ripped from the daily headlines, Bill Vlasic and Bradley A. Stertz of the Detroit News go behind the scenes of the defining corporate drama of the decade. With groundbreaking reporting, they reveal the untold story behind 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 Jürgen Schrempp. It was hailed as a historic "merger of equals," but the euphoria evaporated amid a clash of cultures, identities, and personalities.

The action moves feverishly around the world with larger-than-life characters in the high-stakes arena of international automaking. Taken for a Ride follows the twists and turns in the road to DaimlerChrysler and, in the end, emerges as a cautionary tale of the risks and rewards of going global.

Book News Annotation:

Veteran journalists and automotive industry experts Vlasic and Stertz go behind the scenes of the defining corporate merger of the decade. They reveal the untold story behind the unsuccessful attempt to take over Chrysler by its biggest shareholder and its legendary retired CEO, Lee Iacocca, and how this set the stage for the final, intense negotiations between the chairmen of Chrysler and Daimler. By following the twists and turns of the clash of cultures, identities, and personalities in this drama, they offer what emerges as a cautionary tale of the risks and rewards of going global.
Annotation c. Book News, Inc., Portland, OR (booknews.com)

Synopsis:

Vlasic and Stertz of "The Detroit News" reveal the inside story of the Daimler/Chrysler merger and report on the perils of going global.

About the Author

An award-winning business reporter with more than fifteen years of experience specializing in the automotive industry, Bill Vlasic is currently the Detroit bureau chief for the New York Times. The coauthor of Taken for a Ride, Vlasic is a winner of the Gerald Loeb Award for excellence in financial journalism and has been recognized for his reporting and investigative journalism by the Associated Press and the Society of American Business Editors and Writers.

Bradley A. Stertz is an assistant managing editor of the Detroit News and a former reporter with the Wall Street Journal. He lives in Grosse Pointe, Michigan, with his wife and two children.

Product Details

ISBN:
9780688173050
Subtitle:
How Daimler-Benz Drove Off with Chrysler
Author:
Vlasic, Bill
Author:
Stertz, Bradley A.
Publisher:
William Morrow
Location:
New York, NY :
Subject:
General
Subject:
International
Subject:
Germany
Subject:
Automotive - Domestic - General
Subject:
Corporate History
Subject:
Automobile industry and trade
Subject:
Daimler-Benz Aktiengesellschaft
Subject:
Mergers & Acquisitions
Subject:
Corporate & Business History
Subject:
International - General
Subject:
Corporate & Business History - General
Subject:
Consolidation & Merger
Copyright:
Edition Number:
1st ed.
Edition Description:
Hardcover
Series Volume:
1274-S
Publication Date:
20000530
Binding:
Hardback
Language:
English
Illustrations:
Yes
Pages:
384
Dimensions:
9.56x6.44x1.37 in. 1.52 lbs.

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Related Subjects

Business » General
Business » Management
Transportation » Automotive » History and Biographies
Transportation » Automotive » Pictorial

Taken for a Ride: How Daimler-Benz Drove Off with Chrysler Used Hardcover
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Product details 384 pages William Morrow & Company - English 9780688173050 Reviews:
"Synopsis" by , Vlasic and Stertz of "The Detroit News" reveal the inside story of the Daimler/Chrysler merger and report on the perils of going global.
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