A growing number of Daimler Chrysler shareholders are calling for a spin-off of Chrysler, which they say is dragging down the group, according to Reuters.
“I would welcome a separation of Daimler from Chrysler ,” said Ingo Speich, portfolio manager for car stocks at German fund manager Union Investment. “Cooperation between Mercedes-Benz and Chrysler is still very limited,” he said.
“I think a demerger is very realistic,” said Juergen Meyer, fund manager at Sweden’s SEB Asset Management. “I don’t see the synergies that DaimlerChrysler has been pursuing for years. Customers’ desires simply do not fit together,” he said.
