Now that Chrysler has fallen into the hands of “private equity firm Cerberus Capital Management LP” things are obviously tightening up. That is a bummer for workers in the Carlsbad advanced design studio.
Chrysler says Friday night that work from the studio in Carlsbad will be moved to Auburn Hills, where the automaker has its headquarters. Chrysler plans to work with the about 20 Carlsbad employees affected by the closing. . . . In the statement, Chrysler says: “These moves are designed to help Chrysler become a more globally focused manufacturer.”
We’re guessing it’s more about cutting costs.