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MB wants to sell Chrysler, who is going to carry the Sprinter badge in the future????
DaimlerChrysler considering sale of Chrysler division
GREG KEENAN, Globe and Mail Update
DaimlerChrysler AG is considering selling its money-losing Chrysler division and undoing the largest merger in auto industry history.
The announcement came as the Chrysler Group said it will cut more than 13,000 jobs, or 16 per cent of its work force, as part of its long-awaited restructuring plan, including 2,000 jobs in Canada.
About 1,650 jobs will be eliminated in Windsor, Ont., and another 350 in Brampton, Ont.
“No option is being excluded in the interest of arriving at the best possible solution for the Chrysler Group,” DaimlerChrysler said in a statement Wednesday ahead of the release of full-year financial results and the restructuring plan for the troubled U.S.-based division.
DaimlerChrysler chairman Dieter Zetsche said later, at his company's annual news conference, that the Chrysler team had “worked out a comprehensive recovery and transformation plan using all resources within DaimlerChrysler.
“In addition to that and in order to optimize and accelerate the presented plan, we are looking into further strategic options with partners beyond the business co-operation partners mentioned. In this regard, we do not exclude any option in order to find the best solution for both the Chrysler Group and DaimlerChrysler,” he said.
The company added that far-reaching options are being considered by the DaimlerChrysler supervisory board to assist in the restructuring at Chrysler, including finding a partner for the division.
DaimlerChrysler considering sale of Chrysler division
GREG KEENAN, Globe and Mail Update
DaimlerChrysler AG is considering selling its money-losing Chrysler division and undoing the largest merger in auto industry history.
The announcement came as the Chrysler Group said it will cut more than 13,000 jobs, or 16 per cent of its work force, as part of its long-awaited restructuring plan, including 2,000 jobs in Canada.
About 1,650 jobs will be eliminated in Windsor, Ont., and another 350 in Brampton, Ont.
“No option is being excluded in the interest of arriving at the best possible solution for the Chrysler Group,” DaimlerChrysler said in a statement Wednesday ahead of the release of full-year financial results and the restructuring plan for the troubled U.S.-based division.
DaimlerChrysler chairman Dieter Zetsche said later, at his company's annual news conference, that the Chrysler team had “worked out a comprehensive recovery and transformation plan using all resources within DaimlerChrysler.
“In addition to that and in order to optimize and accelerate the presented plan, we are looking into further strategic options with partners beyond the business co-operation partners mentioned. In this regard, we do not exclude any option in order to find the best solution for both the Chrysler Group and DaimlerChrysler,” he said.
The company added that far-reaching options are being considered by the DaimlerChrysler supervisory board to assist in the restructuring at Chrysler, including finding a partner for the division.