April 5, 2007
Dieter Zetsche confirms talks with potential partners regarding Chrysler Group
Berlin, Germany – For the first time, Dr. Dieter Zetsche, Chairman of the Board of Management of DaimlerChrysler AG, has confirmed that discussions have taken place with interested parties regarding future options for the Chrysler Group.
“In this context, I can confirm that we are talking with some of the potential partners who have shown a clear interest,” Zetsche said in his speech at the Annual General Meeting. “But it is also true that we need to keep all options open, and that I cannot disclose any details, because we need to have the maximum scope for manoeuvre.” He added that the company’s management requires “the greatest possible flexibility so that we can identify and then professionally implement the best possible solution.”
The basic requirement with all options is that the Recovery and Transformation plan, presented in February, is consistently implemented, which will lead Chrysler back to profitability. DaimlerChrysler has defined clear criteria for the decision-making process, and says it wants to enhance DaimlerChrysler’s financial strength in a sustainable way and increase enterprise value; create the right conditions for a clear strategic focus for DaimlerChrysler; make the Chrysler Group’s business system competitive and profitable on a sustainable basis; and find the best possible option for the employees.
Zetsche also gave a clear commitment to sustainability mobility, outlining three-man components of further improvement of combustion engines, with and without a hybrid option; high-quality and alternative fuels; and emission-free driving, with the fuel cell as a long-term goal. “Every new vehicle we develop will be engineered to accommodate a hybrid drive train,” he said.