DWS wants Daimler to dump Chrysler

[Saddle Bronc 124]

BBC Link

German call for Chrysler spin-off

Investment firm DWS has called on DaimlerChrysler to consider selling the firm's US Chrysler unit, according to a German newspaper.

DWS wants a spin-off of the American unit to be considered in restructuring plans for Chrysler, the Frankfurter Allgemeine Sonntagszeitung reported.

"It would be irresponsible for management to exclude this option," DWS fund manager Henning Gebdhardt said.

DWS owns about 0.85% of DaimlerChrysler shares, according to Reuters.

Job cuts predicted

German-owned DaimlerChrysler, the world's fifth biggest carmaker, will unveil its latest restructuring plan for Chrysler on Wednesday.

Some analysts predict the firm will cut thousands of jobs and close two US Chrysler plants.

Chief Executive Dieter Zetsche's credibility is at stake after the firm announced profit warnings last year, following sluggish US sales.

Both of its US rivals, GM and Ford, have already announced tens of thousands of job cuts, and the closure of dozens of plants, in a bid to return to profitability.

The US carmarkers have been losing market share to their Japanese rivals, and the rise in gasoline prices in the summer hit Chrysler particularly hard.

Note: I think it would be a good split, as I've long associated the "peace sign" with quality and the pentastar with shoddiness--sounds like an oxymoron when both are from the same company!

[eric&gen 0]

Dose that mean they are going to cut out the PT cruiser too lol

[one...two...tree 2,762]

Note: I think it would be a good split, as I've long associated the "peace sign" with quality and the pentastar with shoddiness--sounds like an oxymoron when both are from the same company!

amen, brother!

[almaty 19]

i agree..time to split them off

[Fandango 1,440]

owned 2 brand new Chryslers in my day, never ever ever again.

[Robor007 0]

I got a 1995 Dodge Neon and it was a POS. I don't think I went more than a few months without a car payment before I traded it in. It was that or put a significant amount into it for repairs. I traded it in despite the fact that Dodge resale value is generally not good. No more Chrysler products for me.

[eric&gen 0]

I owned a few cars like Honda, Nissan, Ford, Acura, never owned a Dodge or Chrysler and i never will step one foot on the gas of a Dodge or Chrysler lol.

[Heracles 417]

being owned by Mercedes, why hasn't their quality improved..

[Hilarious Clinton 452]

I bought my mom a 1988 used Dodge Daytona. Biggest POS I've ever seen. Everything on it died. The engine died twice. Yes, a used engine died a week after I put it in. The junkyard said they would give me another engine. I just gave them the whole car!!!