DETROIT (Reuters) - Chrysler Group will consider alliances aimed at small cars and fast-growth emerging markets as it breaks free from Germany's Daimler AG, the company's chief executive said on Tuesday.
Chrysler CEO Tom LaSorda said the automaker would press ahead with a turnaround plan announced in February that includes cutting 13,000 jobs and investing $3 billion in new plants to make more fuel-efficient engines as it shifts to private ownership under Cerberus Capital Management.
A day after Cerberus said it will buy the automaker from DaimlerChrysler AG (DCXGn.DE: Quote, Profile , Research) (DCX.N: Quote, Profile , Research) for $7.4 billion, LaSorda told reporters it would be "business as usual" for the independent Chrysler.
Cerberus (CBS.UL: Quote, Profile , Research), which will become an 80 percent owner of Chrysler, has endorsed the company's strategic plans and will not spin off Chrysler's brands, freeze new investment or push for higher-than-projected profitability by 2008, LaSorda said.
"We've got a good financial start here, but we've got to deliver," he said.
LaSorda said that as a private company, the No. 4 automaker in the U.S. market would be free of pressure to meet quarterly financial goals and be able reach out to partners in target markets such as India, Russia and Southeast Asia, where it has lagged.
One prospect is expanding an alliance with China's Chery Automobile Co. that was agreed in December. It's awaiting clearance from the Chinese government
Popular Posts
-
They report that plastic straws are used only for a few minutes and can take 150 years to decompose. The plastic manufacturers defend them. ... -
In Argentina there are many festivals that pay homage to different foods or typical traditions of each people. In Capilla del Señor, Córdo... -
SANTIAGO, May 24 (IPS) - Indigenous people in Chile face serious problems in terms of access to justice and protection of their rights, Serg...
-
Miami drivers are the rudest in the United States followed by New Yorkers, according to a survey on road rage released on Tuesday. For the s...
-
DESTIN — Like the dollar bills hanging from the ceiling or the signature drink the Irish Wake, the craftily worded signs on the bathroom do...
-
In Latin America in most computers only we need to put Ctrl + Alt and then pressed the number key 2, or Alt + 64 to 64 we key on the key... -
These maps were created by the russian Anton Balazh with data from NASA
-
What happened to the other dwarves after The Hobbit? Settled at the Lonely Mountain. 48 years later he journeyed to Mo...
-
Our culture lies. They say they want to encourage and reward individuality and creativity, but in practice they try to hammer down the point...
Designed By Blogger Templates
No hay comentarios:
Publicar un comentario