Dennis Redmondism ?

Xxxx Xxxxx Xxxxxx xxxxxxxx at xxxxxxxxxxx.xxx
Mon Nov 13 13:52:41 MST 2000




Dear Charles,

I can not follow the article.

Is there a way of changing the setting of your mail system?

comradely,

Xxxx

---
Charles Brown wrote:

> Monday, November 13, 2000
>
> Copyright 2000
> The Detroit News.
>
> DCX seeks a slimmer Chrysler
> Automaker studies layoffs, plant closings, trimming product line to recoup losses
>
> By Daniel Howes / The Detroit News
>
>     FRANKFURT, Germany -- The Chrysler Group's drive to return to profitability is
>prompting a thorough re-evaluation of the automaker's product portfolio, as well as
>discussions about possible white-collar layoffs and plant consolidations.
>    While no decisions have been made, the Auburn Hills-based unit of Germany's
>DaimlerChrysler AG is forming as many as 10 "restructuring teams" to study key pieces
>of Chrysler's operations and recommend changes to improve efficiency and boost
>lagging profits.
>    "We're challenging all of our business assumptions," Chrysler President James P.
>Holden said recently.
>    The urgency of the efforts is increasing as a new round of costly incentives
>sweeps the U.S. car market, forcing Chrysler to slap incentives on its all-new
>minivans far sooner than expected. Coupled with signs of slowing orders from dealers,
>which prompt production slowdowns like last month's weeklong shutdown of seven U.S.
>plants, Chrysler's financial outlook for the fourth quarter is under increasing
>pressure.
>    In the past 12 months, Chrysler has trimmed the planned investment in its
>2001-2005 product portfolio to $36 billion from $48 billion. The move is a
>recognition that Chrysler cannot afford to build the cars and trucks envisioned just
>a year ago and that customers likely would not pay full fare for them.
>
>
> -clip-
>
> article at:
> http://www.detroitnews.com/

--

Xxxx Xxxxx Xxxxxx
PhD Student
Department of Political Science
SUNY at Albany
Nelson A. Rockefeller College
135 Western Ave.; Milne 102
Albany, NY 12222



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