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Europe's biggest car group could be heading for a crash.
King Car Group has decades of experience in the beverage business.
The following January, Mr Pischetsrieder bought the Rover car group from British Aerospace.
Shares in the company - where Chinese car group Geely owns 19.97% - have fallen 3.25p to 28.5p.
"Smart is a disaster," said Eckhard Cordes, head of the Mercedes car group, at the Geneva auto show.
The rights were transferred from another German car group, Volkswagen, and relations between the two have been fraught.
Similar(18)
"It worked very well because we could mix up all the car groups.
Revenues in 2000 were $168m and net income $43m, reflecting margins other car groups would kill for.
The combination of Daimler and Chrysler probably means that the days of the rest of Europe's regional car groups are numbered.
Porsche and Volkswagen will try tomorrow to thrash out the terms of a merger on Monday after a bitter war of words exploded between the two German car groups.
The three companies have said they will continue to license the mapping services and data to other car groups, as happens now.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com