Manufacturing efficiency is at the top of Tom LaSorda’s to-do list as Chrysler Group’s CEO seeks ways to offset an anticipated third-quarter loss of €500 million ($635 million). LaSorda says Chrysler will cut production by 65,000 to 75,000 units as the auto maker endeavors to reduce bloated inventories of trucks and SUVs that have crippled dealers in the wake of rising interest rates and volatile gasoline prices. The cut is at least 38% deeper than originally planned. Chrysler had ...
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