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Daimler Ditches Off-Highway Biz
By Stephen D. Simpson, CFA
December 28, 2005

Now here's an odd turn of events for you. If you buy into the so-called conventional wisdom, European companies are ossified and unwilling to restructure to remain competitive.

And yet, while General Motors (NYSE: GM) struggles and its management team rearranges the deck chairs, DaimlerChrysler (NYSE: DCX) is going about the business of slimming down and refocusing itself on its core auto and truck businesses.

In its latest move, DaimlerChrysler announced that it had reached an agreement to sell its off-highway business to the Swedish buyout firm EQT......
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