Two shareholders call for DaimlerChrysler to drop “Chrysler” name
March 16, 2007 5:39PM by Michael Savio
Two DaimlerChrysler shareholders have called on the automaker to drop "Chrysler" from the company's name if the Chrysler Group isn't sold by March 31st, 2008. The proposal from shareholders Ekkehard Wenger and Leonhard Knoll have requested the amendment the company's articles of incorporation at the annual meeting April 4 in Berlin.
"Maintaining a corporate name that evokes associations with the failure of the business combination with Chrysler is detrimental to the image of the corporation and its products," they wrote.
Under the proposal to change DaimlerChrysler's name, the shareholders have proposed that the automaker's name be changed to Daimler-Benz AG.
DaimlerChrysler is opposed to the name change. "The DaimlerChrysler name is established all over the world," the company said in a statement. "There are no grounds to change the name of the corporation."
## Source: Detroit Free Press ##
Posted in: Chrysler, DaimlerChrysler, Business, News
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