Quicker Than Quick Chrysler Cans Cruiser, Magnum, Pacifica, Etc.
Yesterday, we speculated whether or not Chrysler would hang fire on trimming
union jobs dud models until after the United Auto Workers (UAW) convinced Ford members to work without job guarantees. Turns out Chrysler didn't even wait for the ink to dry on its union agreement before axing its first three losers. The Detroit News quotes "people close to Chrysler" and "people familiar with the situation" (that could be you!) saying that the PT Cruiser, Dodge Magnum and Chrysler Pacifica will get the chop. Oh, and maybe the Jeep Commander. And possibly the Dodge Dakota pickup. And the Chrysler Sebring and Dodge Avenger. Meanwhile, Chrysler hired former GE exec L. John Cataldo to assume a newly created position: vice president of business development and mergers and acquisitions. Cataldo is in charge of hooking-up with other automakers and selling the family silver. Speaking at the Magazine Publishers of America annual conference in Boca Raton, Chrysler CEO Robert Nardelli reiterated Chrysler's 'focus on cash.' The company is moving to sell off $1b in "unneeded real estate and facilities." Not to go all TV Land on you, but I'm hearing "They call him stripper, flipper; faster than lightning."