Chrysler (KCN) Goes Global
Chrysler (KCN) looks to become more globally competitive by focusing less on trucks and more on smaller cars. Tom LaSorda, president and chief executive of DaimlerChrysler AG's Chrysler Group, said trucks and bigger sport utility vehicles historically have accounted for more than 70 percent of Chrysler's U.S. sales. So the company has been hit harder than any other manufacturer by the shift toward more fuel-efficient vehicles, he said. With the production cuts and new models coming out, Chrysler should turn around in a few months, LaSorda said. KCN might be a good over the next year.
posted by Stock Administrator @ 3:58 PM
Chrysler (KCN) Goes Global
Chrysler (KCN) looks to become more globally competitive by focusing less on trucks and more on smaller cars. Tom LaSorda, president and chief executive of DaimlerChrysler AG's Chrysler Group, said trucks and bigger sport utility vehicles historically have accounted for more than 70 percent of Chrysler's U.S. sales. So the company has been hit harder than any other manufacturer by the shift toward more fuel-efficient vehicles, he said. With the production cuts and new models coming out, Chrysler should turn around in a few months, LaSorda said. KCN might be a good over the next year.
posted by Stock Administrator @ 3:58 PM
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