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BrianLaws
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Joined: 02 Sep 2006
Posts: 1407
Location: Local 1268 BAP Grp 9 Team 5
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| Posted: Thu Aug 28, 2008 11:08 am Post subject: Viper line may be cut loose |
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| Quote: |
On Wednesday, Chrysler signaled the potential end of an era, indicating that its Viper sports car line could be sold as the company continues to spin off non-core assets.
The Auburn Hills automaker, a year into private ownership, announced in a statement that it is preparing to explore "strategic options for the Dodge Viper business."
"We have been approached by third parties who are interested in exploring future possibilities for Viper," Bob Nardelli, Chrysler CEO, said in a statement. "As the company evaluates strategic options to maximize core operations and leverage its assets, we have agreed to listen to these parties."
The automaker stressed in the statement that the review is "unique to the Viper specialty vehicle" and emphasized that Chrysler "has not set a definitive timetable for completion of the review of its strategic options, no final decision has been made with regard to the Viper business, and there can be no assurance that any transaction will take place as a result of this process." |
http://www.freep.com/apps/pbcs.dll/article?AID=/20080828/BUSINESS01/808280353 |
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