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Succeeds - USA - Shake-up at DaimlerChrysler
Zetsche in charge
Detroit, Mich, USA -The Detroit News, by Brett Clanton -July 29, 2005: -- DaimlerChrysler AG Chairman Juergen Schrempp's surprise resignation and the promotion of Chrysler CEO Dieter Zetsche to succeed him ends Schrempp's turbulent reign atop the global industrial giant and validates the comeback of Detroit's No. 3 automaker... Voluntary or not, Schrempp's departure eliminates the possibility of a bloody succession battle that could have damaged and distracted the company... In the second quarter, Chrysler's profit rose 4 percent to $658 million, while its larger domestic rivals General Motors Corp. and Ford Motor Co. lost money in North America. The results marked Chrysler's 13th straight positive quarter since 2002...
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