by Chris Shunk
DCX could end up sharing more platforms going forward
Oh, how time flies when you’re paying attention to the domestic auto industry. About a year and a half ago the Chrysler 300 was selling like crazy, the Charger was off to a fast start, and analysts were saying nice things about the company from Auburn Hills. Well the 300 and Charger are still a resounding success, and life for Chrysler has taken a turn for the worse anyway. A $1.2 Billion loss in the 3rd quarter put the scare into the folks over in Stuttgart and now management and share holders are looking for more cost cutting and less payroll.
It looks like 1,000 white collar and 10,000 blue collar jobs are now on the block as a large part of the effort to remain competitive. Buyouts will likely surface soon after the announcement plans are announced, and the cost associated with the move will result in more tough quarterly financials for Chrysler. There will be tough times again in Auburn Hills, but some good news may come out of all this for customers and Chrysler employees alike.
Continue reading Chrysler working on secret rebuilding plan
[Source: Detroit News]
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Tags: Chrysler 300, Charger, 300
Categories: Chrysler
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