DaimlerChrysler to eliminate 13k jobs. Sale of Chrysler is an option-possibly to China.
http://news.google.com/news?hl=en&ned=us&q=chrysler&btnG=Search+News
"FRANKFURT (Reuters) - DaimlerChrysler raised the prospect of parting company with its loss-making U.S. Chrysler arm on Wednesday, a move which could unwind a blockbusting 1998 merger creating the world's No. 5 car maker."
"It could be difficult to find a buyer for Chrysler, although bankers say a Chinese carmaker bent on expansion abroad would find it attractive if the price was right."
"The FAZ quoted a manager close to the company as saying maintaining the status quo was the least likely outcome.
"A divorce on earth will follow the marriage made in heaven," he was quoted as saying, referring to the 1998 merger.
Zetsche will also lay out clear margin targets for each business, the FAZ said, citing company sources."
"Zetsche's credibility is at stake after a surprise profit warning at Chrysler last year as a shift in consumer tastes exposed its reliance on trucks and SUVs as fuel prices rose.
It continued to pump out such vehicles even without dealer orders, inflating inventories that required margin-sapping incentives to deplete. "
