NEWSMAKER-Daimler CEO leaves as dream of World Inc collapses

Newswire

By Christiaan Hetzner FRANKFURT, July 28 (Reuters) - His dream of building a worldwide automotive group turned into a nightmare for thousands of DaimlerChrysler shareholders. But on Friday they woke up to a new era with the share price jumping more than 10 percent after Daimler abruptly announced that Juergen Schrempp, its much criticised chief executive, will go at the end of 2005, two years ahead of time. "It was good timing (for Schrempp), since the strong quarterly results make it ...

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