Chrysler’s LaSorda Delivers Pep Talk
February 22, 2007

Chrysler Group CEO Tom LaSorda sent an email to all Chrysler employees today in an attempt to boost morale, undoubtedly deflated by a variety of rumors, from a sale of the company to divestiture.

“I want you to keep in mind that (DaimlerChrysler CEO) Dieter Zetsche and the Board of Management strongly endorsed the Chrysler Group’s new Recovery and Transformation Plan,” LaSorda said in the email, posted on Chrysler’s media Web site. “Dieter added that the company will look into ‘further strategic options with partners beyond that business cooperation’ that I outlined in the Recovery and Transformation Plan, which set off the frenzy of rumors.”

LaSorda emphasized that the company can’t respond to rumors. “It may take weeks or months before official comments can be made on some issues. However, I can tell you that further information on the voluntary separation and early retirement programs for employees will be communicated in the next few days.”

He urged employees to stay the course laid out in the plan he revealed last week. “Our mission is to produce great cars and trucks, to take care of our customers and to restore profitability. Whatever fork in the road we may take, we first have to make sure we’re on the road – and the Recovery and Transformation Plan is that road. The plan is designed to make us profitable by 2008 and put us on solid footing to stay there. This is a sound plan that includes a substantial investment in our long-term competitiveness, and we must focus our attention on executing it.”

Posted by Michelle Krebs at 8:26 AM under Chrysler | Comments (0) | digg this | Seed Newsvine