A Lesson For GM (GM) And Ford (F): Chrysler Cuts Its Throat

Like some many unsuccessful companies before it, Chrysler wants to cut its way to profitability. The privately-held company, run by Home Depot (NYSE: HD) exile Robert Nardelli, will probably chop its number of brands 50% and dealerships by a third. According to The Wall Street Journal “over the next three years or so, the now closely held auto maker plans to drop as many as half of the approximately 30 vehicles it now produces, a move likely to cut sales at least for a while.” A while may be forever. It is not believable to think that Toyota (NYSE: TM),…
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  10 February, 2008| Economy | @ 16:48

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