Chrysler's chief says no to pension buyouts

The last of the one-time Big Three says it doesn't need to hatch a pension buyout scheme like Ford and GM have now done. Is the optimism real?

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Chrysler, the third spoke in the one-time “Big Three” in Detroit’s automaking community has weighed in and said it doesn’t plan to head down the pension buyout highway, as Ford and now General Motors have recently announced.

Perhaps the Chrysler Group’s trans-Atlantic ownership has something to do with it – or the company may genuinely see a brighter and more potentially pension-friendly future ahead for the company – but it does not seem poised to follow the path of Ford and GM.

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