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No surprise here
As we suggested when the sale of Chrysler to Cerberus Capital Management was announced in May, former Chrysler and Volkswagen exec Wolfgang Bernhard will play a key role in the new Chrysler ("Imperial Dreams,'' May 21). How key? How about chairman of the company?
Chrysler CEO Tom LaSorda will stay put, but Bernhard-the former Chrysler chief operating officer who advised Cerberus on its purchase offer-reportedly will move back to Auburn Hills to oversee the company once the sale goes through.
Jag, Land Rover on the block
Four private investment firms are competing with two Indian companies to buy the Ford-owned Jaguar and Land Rover brands. Ford has confirmed that it is seeking buyers for the two subsidiaries and is also studying whether Volvo should remain under the Blue Oval umbrella.
Indian engineering firm Tata and tractor-maker Mahindra each is reportedly preparing a ...