Word: stuttgart
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Dates: during 2000-2000
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...comes through the executive "war room" near his office, where nuggets of intelligence about DaimlerChrysler's vast empire are constantly ingested and analyzed. But Holden had demanded and received complete autonomy when he took over Chrysler, and he used it to wall himself off from the Daimler side in Stuttgart...
...when Holden was forced to idle 20,000 workers at seven plants, Schrempp was blindsided--and then enraged. He got the news from auto analysts after the fact. The extent of the losses too had been belied by Holden's rosy forecasts. A Stuttgart insider acknowledges, "Our tools are excellent, but they are only as good as the information we were receiving...
...year. Schrempp may not have agreed with that move, but he didn't stop it either. Schrempp let Eaton choose Holden as Stallkamp's successor. "This was an American management team with a real track record, who we thought knew what they were doing," says a Schrempp lieutenant in Stuttgart...
Sales began declining in April. As the year wore on and Stuttgart put increasing pressure on Chrysler to deliver more savings, the decision-making process in Auburn Hills began to falter. Product programs, critical to Chrysler's past success, were held up. Per-vehicle costs began to rise, in some cases as much...
DIED. KONRAD KUJAU, 62, German con artist who in 1983 claimed to have found 60 volumes of diaries written by Adolf Hitler, which he had actually forged himself; of cancer; in Stuttgart. The diaries, which he sold to a German magazine for $4.8 million, were exposed as fakes a few days after the first excerpts were published. He was found guilty of fraud and spent three years in prison...