Mediation talks at MTU Friedrichshafen fail-paper

Newswire

FRANKFURT, Aug 21 (Reuters) - Mediation talks between DaimlerChrysler and family shareholders at heavy diesel engine unit MTU Friedrichshafen on how to sell the firm have failed, the Financial Times Deutschland reported. DaimlerChrysler controls roughly 88 percent of MTU Friedrichshafen, while Germany's Maybach and Zeppelin families hold the remaining 12 percent and have a right of veto. The paper, quoting sources familiar with the situation, said in an advance copy of its Monday edition ...

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