Juergen Schrempp Ysl Quotations

The restructuring of the Chrysler Group is moving along well, ... Work force reduction is proceeding according to plan, and agreements on cuts in the cost of materials in 2001 have already been reached.

Yes, the performance at Chrysler is at this moment not what we expected, ... But I want people to understand is that the operational issues have nothing to do with what I term an absolutely perfect strategy.

Our strategy is sound, and the Mercedes-Benz group's turnaround came right on schedule in the second quarter. In addition, the turnaround at Chrysler Group is beginning to pick up momentum.