Schrempp dashes hopes of BAe reconciliation
Thursday 01 April 1999
He said he did not now expect to see the creation of the multinational European Aerospace and Defence Company (EADC), which Europe's governments have called for.
"I think this dream has come to an end," Mr Schrempp said at DaimlerChrysler's annual results news conference.
Instead, there could be industry co-operation on specific projects and the company would keep an open mind on limited co-operation on both sides of the Atlantic, he said.
"As a transatlantic company we are looking at all possible options on this and the other side of the Atlantic," he added.
Dasa's chief, Manfred Bischoff, has already expressed his fury at BAe's decision in December to drop merger talks with Dasa in order to buy GEC's Marconi defence arm first, in a pounds 7bn deal. Nevertheless the extent of Dasa's anger at being left out of the European industry's first big merger move has taken much of the industry by surprise, not least BAe, industry sources said.
Having been jilted at the altar by BAe, Dasa has been fast closing off routes to reopening the talks. However, DaimlerChrysler's finance director, Manfred Gentz, yesterday hinted at a possible rapprochement, saying that creating a pan-European aerospace and defence group was now only "much more difficult" in the short term since BAe had agreed to buy Marconi.
Mr Gentz also said that DaimlerChrysler was willing to talk to potential American partners as the aerospace industry consolidates.
- 1 Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
- 2 Martha Stewart accuses Snoop Dogg of 'smoking for four hours' during Justin Bieber Roast
- 3 I might be an MP, but that doesn't stop me fighting sexism with my breasts
- 4 Google April Fools': company unveils backwards search engine and huggable digital assistant
- 5 April Fools' Day 2015: The best hoax news stories from around the internet
University of Cambridge: Remains of 1,300 scholars are found under building
April Fools' Day 2015: The best hoax news stories from around the internet
April Fools' Day 2015 live: The best pranks and fake stories from around the world
Turkey power cut: Prime Minister says nationwide blackout could be caused by terrorists
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
The West has it totally wrong on Lee Kuan Yew
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
iJobs Money & Business
£20000 per annum + commission: SThree: Sthree have an exciting opportunity for...
£18000 - £32000 per annum: Recruitment Genius: A Telesales Executive is requir...
£45000 - £50000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50,000 - £55,000: Neil Pavier: Are you a professionally qualified commercial ...