His successor, DCC President Dieter Zetsche, says, "It allows us, in difficult times, to concentrate on restructuring because we don't have to go bank to bank to bank to find a credit line." The company line is that the merger remains sound in principal, and that the Chrysler Group will return to profitability under the restructuring plan that cuts production and material costs by 15% each. The cuts will be coupled with savings realized through synergies with Mercedes-Benz as well as Mitsubishi Motors Corp., disposal of assets such as the North American parts operation, and cancellation of projects such as renovating the Chrysler Building in New York. The company has set specific goals to meet over the next three years and expects to break even by mid-2002. Details of the restructuring of partner Mitsubishi had not been formally announced at press time. They were being released Feb. 26 as part of DaimlerChrysler AG's year-end financial results.