http://online.wsj.com/article/SB120934005251748361.html?mod=hps_us_whats_news"DETROIT -- Chrysler LLC has quietly begun looking for buyers for two axle plants in Michigan, people familiar with the matter said, a move that reflects the auto maker's search for a leaner business model.
A year ago, Chrysler announced plans to build a new axle plant in Marysville to replace an aging facility in Detroit. But under Chief Executive Robert Nardelli, who arrived in August when Cerberus Capital Management LP acquired the auto maker, Chrysler has intensified efforts to reduce the capital it traditionally has invested in making major components.
Over the past two months Chrysler has approached two axle suppliers, Dana Holding Corp. and American Axle & Manufacturing Holdings Inc., as well as private-equity groups, offering to sell the two plants for about $400 million, people familiar with the matter said.
Chrysler is looking for a buyer to finish building the Marysville plant and, over time, close the plant known as Detroit Axle, these people said. Goldman Sachs Group Inc. is advising Chrysler on the proposal, they said...."
Dunno what this means to you truck guys out there, but I thought you'd like to know
