Chrysler's New Boss: "The Clear Task Is to Stop the Bleeding"
Dieter Zetsche is an exec on the griddle. The 47-year-old DaimlerChrysler veteran was named in November to head ailing Chrysler, which Daimler took over in 1998. Chrysler is now expected to lose $1.3 billion in 2000's fourth quarter -- on top of the $512 million it lost in the third. Zetsche is now developing a detailed turnaround plan that's expected to be announced next month. Meanwhile, the company has idled several plants for the remainder of January.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.