Incoming Chrysler chief sees no end to cost cuts

Newswire

DETROIT, (Reuters) - The incoming head of DaimlerChrysler's Chrysler division said Wednesday that he sees no end to cost cutting -- including more possible job cuts -- to offset poor profit margins and increased spending on everything from raw materials to health care. Tom LaSorda, the 51-year-old Canadian named to take over as Chrysler's chief executive late last month, already casts a long shadow over the company. He joined Chrysler in 2000 from General Motors Corp. and was ...

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