Cerberus Capital Management LP is wasting no time making
changes at Chrysler LLC. The latest move is the cancellation of up to five
vehicle models this month, according to the
Detroit
Free Press. The most likely candidates to walk the plank: SUVs of course.
The Free Press has created a short list of 10 models most likely to be cut.
The news could explain why Chrysler refused to give the UAW the same future
product guarantees that General Motors Corp. offered, noted the Free Press.
Additionally, new CEO Bob Nardelli dropped hints of a product culling from the
day he took the job. The Free Press also has anecdotal evidence that dealers
may have no problem seeing select models go, namely large SUV Dodge Durango,
which analysts put high on the list of likely candidates. Earlier this year,
Cerberus bought Chrysler from DaimlerChrysler AG. — Matthew Wurtzel
See story from The Detroit Free Press
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