Wow, this is a great way to begin Valentine’s Day. Turns out that the board of DaimlerChrysler is so fed up with the American arm’s inability to make money that they are looking into dumping Chrysler into someone else’s hands. The move comes as the fifth-biggest carmaker is preparing to present a new restructuring plan that could see up to 11,000 job cuts, as well as factory closures. Chrysler is expected to announce it lost $1.3b last year – still nowhere near as large as Ford, but still a concern for DCX, in which the other sub-brands are doing quite well.
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