What was the main reason that the merger of Daimler-Benz and Chrysler failed?
A)The companies were rivals,and their communication channels never fully opened.
B)The merger was too time-consuming for the companies to worry about operations.
C)The companies were from two different countries and had different corporate cultures.
D)The two types of cars were expensive and inexpensive and consumers could not reconcile this.

Question

Quizplus · Accepted Answer

The merger of Daimler-Benz and Chrysler failed mainly because the companies were from two different countries and had different corporate cultures. The companies struggled to integrate and suffered from clashes in management style, decision-making processes, and strategic goals. This resulted in poor communication, a lack of cooperation, and conflicting priorities, which ultimately led to a decline in performance and shareholder value. The other options are not as significant in comparison to the cultural and managerial issues faced by the two companies.

What Was the Main Reason That the Merger of Daimler-Benz