Thursday, Dec 08, 2016
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Automotive

Board member opposes Chrysler Group breakup

AUBURN HILLS, Mich. A member of DaimlerChrysler AG s supervisory board said he would oppose a deal leading to a breakup of the Chrysler Group, the firm s troubled U.S. arm.

Helmut Lense, one of the 10 employee representatives on DaimlerChrysler s 20-member supervisory board, told the Detroit News that he would prefer to see a manufacturing company, such as another automaker, take control of Chrysler in the event of a sale, the newspaper reported Saturday.

The core functions of the supervisory board include the monitoring of executive management and the approval of important corporate decisions.

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