Back in June of last year, Ikuo Mori took the helm as Fuji Heavy Industries' CEO. His task: end Subaru's five-year long sales slump. Subaru's retail efforts have not lived up the automaker's expectations set in 2002, with a failed attempt at moving the brand up market and the slow sales of its visually challenged B9 Tribeca SUV (does the backend remind anyone else of a Morlock?) doing little to improve the brand's bottom line.
Chrysler Group CEO Tom LaSorda travelled to DaimlerChrysler's headquarters in Stuttgart, Germany, last Wednesday to present a restructuring plan to the company's management board. The Detroit News reports that the plan will involve job cuts and and the closing of at least two plants in the U.S. The plan will be reviewed by the DCX management board and likely announced in February when the company reveals its performance numbers for 2006, which analysts expect to be billions in the red.
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