Chrysler to axe three models
The board of Chrysler LLC is expected to decide today to kill at least three slow-selling models as part of a sweeping strategic realignment of the newly private automaker. People close to Chrysler said the board, in its initial meeting under new Chairman and CEO Bob Nardelli, likely will approve plans to discontinue the Chrysler Pacifica crossover, the Dodge Magnum wagon and the PT Cruiser hatchback. Scaling back products is expected to be the first of several major
initiatives at Chrysler as it takes shape under the ownership of private-equity giant Cerberus Capital Management LP. A Chrysler spokesman declined Monday to confirm the board meeting or its agenda.
initiatives at Chrysler as it takes shape under the ownership of private-equity giant Cerberus Capital Management LP. A Chrysler spokesman declined Monday to confirm the board meeting or its agenda.