Sometimes, little more than a quote is needed to basically tell the entire story. This is one of those times. The quote below comes from Daimler chief executive officer Dieter Zetsche and his words are poignant, shocking and targeted directly at the thirsty automotive market in China which is growing at an extremely rapid rate. Zetsche openly voiced his thoughts during a round table event in
2009 Smart Fortwo – Click above for high-res image gallery
There have been rumblings of late in the halls of Stuttgart that the boys in Auburn Hills are an albatross around the neck of DCX. Dieter Zetsche and company are reportedly in it for the long haul and fighting the good fight for Chrysler, but investors cite thin patience while waiting for a profit. Rumors of potential suitors waiting in the wings abound, but it seems that the real problem would be salability due to large pension commitments. Some have gone as far as speculating that even if Chry
DaimlerChrysler CEO Dieter Zetsche, a man who knows a thing or two about the problems facing the US auto industry, took the opportunity to warn European Union automakers that they may eventually endure the same structural problems their US counterparts are struggling with if action is not taken.