Dws Money Market Fund

The CEO of DaimlerChrysler, Dieter Zetsche is under pressure as it decides on the fate of its money losing Chrysler Group. But according to some reliable sources, the manufacturer is open to any offers from American manufacturers who are willing to take the reins on Chrysler.

The big question is now the company is interested enough in buying the Chrysler unit. According to a German magazine, DaimlerChrysler is already in negotiations with General Motors, but officials want to keep waiting DMX silent on the issue. "I can not and will not go into details," Zetsche said during an interview.

The endorsement of General Motors as a possible buyer for Chrysler sparked mixed reactions. While GM is still the largest automaker in the world and the producer of the most famous brand of auto parts such as wings GM , but it's also no secret that the UN number is also facing financial difficulties and buying another brand that is losing money can not be a good thing for the manufacturer. But again, Chrysler has some very good models and the fact GM. For the moment all we can do is wait and see developments.

Besides the possible sale to Chrysler DMX has also announced 13,000 job cuts under the reorganization plan of the company. The said job cuts will affect 11,000 employees, DC United States plus 2,000 in Canada. For only 2000 U.S. white collar jobs with jobs will be cut UAW 9000, which will result in the closure of an assembly plant in Newark, Del., and a parts distribution center in Ohio. The Newark plant builds large SUVs for DC. truck plants in Michigan and Missouri will also be affected reducing the production capacity to 400,000 units.

Over the weekend the pressure on Chrysler to let go Zetsche intensifies. According to a DaimlerChrysler shareholder Henry Gebhardt, a fund manager DWS in an interview to a German newspaper, "This should be an option that should be examined again and again." He also compared the outbreak to the sale of DaimlerChrysler BMW Rover saying that "it would be irresponsible for management to exclude this option Daimler." DWS is a company of Germany's largest fund and has less than 1% stake in DaimlerChrysler.

In fairness to Zetsche, he does everything he can to save Chrysler and recently he has held meetings with the United Auto Workers union to ask the same health care concessions the union gave General Motors and Ford Motors. Unfortunately, the union refused Chrysler said that the German company has the deep pockets to pay for health care workers. Zetsche will always try to work with the UAW, but it's also clear that if the UAW refused to accept the new conditions as determined by DaimlerChrysler, then he is left with no other choice but to let go of Chrysler.

According to some sources, the problem with the Chrysler Group has started nine years ago after the merger of Daimler-Benz and Chrysler. mid-level managers at Mercedes have resisted any form of collaboration that could tarnish the image of the luxury brand that is not entirely a bad thing if it does not interfere with the Chrysler Group to achieve the level of synergies it promised in 1998.

Thomas LaSorda said the turnaround plan that has been described by DaimlerChrysler may strengthen the position of Chrysler in North America and around the same time to create the foundations for a new business model that is oriented towards growth and possible global transition to more fuel-efficient models. The plan put into action if DC would help a renewed profitability by 2008 and a turnover of about 2.5% to settle here in 2009. In 2006, Chrysler lost 1.5 billion dollars while Da.