DAVID HAFFENREFFER, CNN ANCHOR: News this morning about DaimlerChrysler and a management shakeup.</s>DEBORAH MARCHINI, CNN ANCHOR: It comes from the "Financial Times." And we're joined now by Hugh Carnegy, world news editor of the "FT" in their London newsroom. Well, you've got this story. It seems like Juergen Schrempp's not finished restructuring this company.</s>HUGH CARNEGY, WORLD NEWS EDITOR, "FINANCIAL TIMES": No, absolutely not. I think what we're going to see announced over the next week or so is that another major step toward a huge restructuring program. Of course, Chrysler is losing money this year. Mitsubishi, the other big part in the alliances, is losing money. Only Mercedes, the core German brand, is making money. A And Schrempp's is -- he's going to shake up the management. He's going to introduce an automotive council at the top of the company, which will have executive powers to really see through a big program of cost cutting. We've already seen announcements at Chrysler of 26,000 jobs cuts, six plants to be cut. There's going to be more of that kind of thing, I think, especially in Mitsubishi as well. And I think we will see a big program to rationalize all the different model ranges within the group to get more efficiencies and more synergies between the various parts.</s>MARCHINI: Yes, I saw a report this morning; 6,200 job cuts at Mitsubishi.</s>CARNEGY: Yes, indeed. And I think we're also going to see a very big charge taken to fund all of this. The annual results are due out next week. And we certainly believe that there's going to be a charge of about 3 billion euro or nearly $3 billion, a one-time charge, which will be the largest ever taken by a German company.</s>HAFFENREFFER: All right, Hugh, thank you very much. Hugh Carnegy of the "Financial Times."
'Financial Times': DaimlerChrysler Prepares Major Management Shake-up