Kiep was also for a time the Hesse CDU's state Treasurer. He said that he, at least, found it difficult to believe that the 20 million DM came from the party's own income. The Daimler-Chrysler company is facing legal action from two more Chrysler shareholders in New York. They accuse the CEO of Daimler-Benz, Juergen Schrempp, of making false statements to Chrysler shareholder in connection with the fusion of the two automotive giants in 1998, in order to get their approval of the deal. The complainants contend that Schrempp planned a simple take-over of the American company from the very beginning.
Federal government accepts two-thirds of Expo deficit Berlin.
The federal government has agreed to take over two-thirds of the financial deficit arising from the Expo 2000 in Hanover, instead of the half previously planned. The leadership of the SPD and the Greens agreed to the change today. Chancellor Gerhard Schroeder had previously assured the Premier of Lower Saxony, Sigmar Gabriel, that the federal administration would take over half of the loss. The world exhibition, which ended in October, saw only about 18 million visitors, or less than half of what had been projected.