Tuesday, August 04, 2015
Current Weather
Loading Current Weather....
Published: Monday, 3/19/2007

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.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.