Will consult for food: Wolfgang Bernhard hired by potential Chrysler Group bidder
Rumors have been flying around about which companies and/or equity groups are interested in purchasing the Chrysler Group. Buyout firm Cerberus has shown it is definitely in the running by hiring former Chrysler COO Wolfgang Bernhard as a consultant. Bernhard could be an asset to Cerberus since he knows Chrysler's strengths and weaknesses and was one of the architects of Chrysler's last restructuring and short-lived resurgence in the new milennium.
Bernhard has had a string of bad luck lately with jobs, beginning with his ousting from DCX in 2004. He quickly moved over to VW where he was recently let go after a management shuffle. Bernhard never seems to be out of work for long, however, and now he gets the chance to advise one of the front runners on how best to approach a potential Chrysler purchase. If Cerberus does, in fact, win the right to own Chrysler, we wouldn't be surprised to see Bernhard as the new Chrysler CEO.
[Source: Automotive News]
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