LaSorda: Chrysler dealers 'ordering again'
|
| Posted
:
Thu, 24 May 2007 00:01:59 GMT |
| By
:
Business News Editor |
| Category
:
Finance (General) |
| News Alerts by
Email ( click
here ) |
Finance General News |
Home
|
|
|
|
|
|
AUBURN HILLS, Mich., May 23 Dealers are ordering Chrysler vehicles again, Chief Executive Officer Tom LaSorda said at a "town meeting" with workers at the U.S. automaker ' s headquarters. "It's Chrysler Corp. again, back in American hands again," LaSorda said, referring to last week ' s $7.4 billion sale of the automaker to U.S. private-equity firm Cerberus Capital Management LP. "The dealerships -- they are ordering again, which is kind of nice," the executive said in an audio excerpt Chrysler released Wednesday. "Their inventory levels from this time last year are down by about 110,000 units. "We are a little happier, and we are going to keep it there and keep rolling," he said. LaSorda reiterated that Cerberus had no plans to split up Chrysler or its brands, and that the automaker would make full use of the resources of former parent Daimler AG, which agreed to retain a 19.9 percent stake in the new Chrysler Holding LLC, The Detroit News reported.The restructuring plan Chrysler announced in February is still its "road map" to recovery, LaSorda said. He reminded workers he was a fourth-generation company employee and said he would make Chrysler "strong for the next generation." Copyright 2007 by UPI
|
|
|
|
|
|
Related News
Poland want to cut budget deficit by reducing pension payments
Warsaw - Poland wants to reduce its deficit by reducing payments to private pension funds while keeping that money in the state's social insurance company ZUS, the Finance Ministry said Wednesday. Under the proposal, private pension funds would recei...
IMF unfreezes standby loan after Serbia promises spending cuts
Belgrade - The International Monetary Fund (IMF) will unfreeze funds from a 4-billion-dollar standby loan to Serbia, which in return must curb spending and reform its social care system, officials said Wednesday in Belgrade. The head of the IMF missi...
IMF recommends Iceland keep currency controls
Reykjavik - The International Monetary Fund (IMF) has recommended Iceland maintain currency controls for the time being in order to ensure a stable currency, according to a report released Tuesday. The Icelandic central bank published the 98-page rep...
Hong Kong's best-known war reporter fights for her life savings
Hong Kong - The family of Hong Kong's most celebrated war correspondent Clare Hollingworth said Sunday they were taking bankruptcy proceedings against a public relations consultant who withdrew 200,00 US dollars of her savings. Legal papers were serv...
Norwegian central bank raises rate to 1.50 per cent
Oslo - Norway's central bank on Wednesday raised its benchmark interest rate by 0.25 percentage points to 1.50 per cent, citing slightly higher inflation and signs of economic recovery. Unemployment is considerably lower than previously projected. T...
Liechtenstein reworks tax information sharing with Belgium, Antigua
Vaduz - The principality of Liechtenstein announced Monday that it had negotiated agreements on sharing tax information with Belgium and Antigua and Barbuda, part of an ongoing effort to meet openness standards demanded by other nations. Once signed,...
Estonia may need deeper budget cuts to adopt euro, says IMF
Tallinn - The Baltic state of Estonia may need to make deeper-than-planned cuts to its public spending if it is to qualify for euro adoption in 2011, a representative of the International Monetary Fund (IMF) said Monday. Speaking at the conclusion of...
|
|
|
|
|
|
|
|
