InvestorsHub Logo
Followers 3
Posts 305
Boards Moderated 0
Alias Born 02/15/2007

Re: dread50above post# 13331

Friday, 12/21/2007 9:01:07 AM

Friday, December 21, 2007 9:01:07 AM

Post# of 35337
I find it interesting that in a flurry of reconstruction and hole plugging he touts the company as American to the workers and then brings in a guy who is going to reduce supply costs by going to the Asian markets instead of the domestic markets.

"Another ex-Home Depot executive, John Campi, is working in purchasing. Chrysler purchases about $40 billion in parts and materials a year, almost all of it from suppliers in North America. Mr. Campi has pushed to buy more parts from Asia, people familiar with the matter said, including car and truck batteries from India. Chrysler executives warned that the batteries are difficult to ship and apt to lose their charge in transport, but he is pushing ahead with the effort, these people said."







-Neb

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.