Business: Chrysler Retreats from Europe

The smallest of the Big Three may become an ex-multinational

In the late 1950s and early 1960s Chrysler Corp., like many another U.S. company, transformed itself into a multinational: it built or bought plants from Turkey to Australia so that it could compete worldwide with GM and Ford. But in recent years the foreign operations have brought Chrysler more pain than profit, so now the financially beset smallest member of the U.S. Big Three seems well on its way to turning itself into something much rarer: an ex-multinational.

Last week Chrysler announced that it would...

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