Sentences with phrase «sluggish performance of the company»
Despite the sluggish performance of the company post-merger, the future is looking brighter.
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Chrysler Corp. has sold its 50 percent ownership stake in Alfa Romeo Distributors of North America, an Orlando company that acts as the national distributor for the Italian automaker.The decision was a result of Alfa Romeo's sluggish sales performance in United States, where a recession has weakened consumer confidence.That poor performance prompted Alfa Romeo to lay off 23 employees Friday from the Orlando distributorship, a company spokesman said Tuesday.