April 2009
Fiat CEO Sergio Marchionne, without Union ok on job cuts No Fiat deal
Sergio Marchionne says Chrysler’s unions must agree to job cuts or Fiat could walk away from a partnership. Italian carmaker Fiat SpA will abandon its planned partnership with Chrysler LLC unless it’s American and Canadian unions agree to s...
Chrysler LLC Lenders Plan Debt Offer
Chrysler LLC’s lenders are planning to make a counteroffer this week to the U.S. Treasury, which originally asked creditors owed about $6.9 billion to accept $1 billion to keep the auto maker from liquidating. Late Sunday night, the lenders recei...
March 2009
American Axle & Manufacturing Holdings Inc's Future, what about others?
American Axle & Manufacturing Holdings Inc said in a regulatory filing today that it may violate the terms of its loan agreements as the future of its primary customers are still in question. General Motors Corp. and Chrysler LLC are American Axle...
January 2009
Fiat-Chrysler Alliance: All Roads Lead To Turin
Fiat Group, Chrysler LLC and Cerberus Capital Management L.P. Announce Plans for a Global Strategic Alliance. Italian group will provide technological expertise and management services Fiat S.p.A., Chrysler LLC (Chrysler) and Cerberus Capital Managemen...
Failure is always rewarded; Chrysler receives $4 billion
Failure is always rewarded at the top of the pyramid. It looks as if Chrysler has its first bailout. It will be asking for another in the near future. 4 billion dollars is pretty good. So far all they have had to do is stop flying around in their priva...
November 2008
Chrysler CEO Bob Nardelli's letter to employees!
Chrysler is prepared to meet “accountability and viability” criteria requested by Congress as a condition for considering a government bailout for the auto industry, Chief Executive Bob Nardelli said in a memo to employees. Dear Employees, ...
CEO Bob Nardelli's Plan For Helping Chrysler LLC To Survive Economic Depression
“The difficult actions we have taken in the past, and those that we have just announced, are for one purpose and one purpose only: helping Chrysler survive this economic trough,” Nardelli said in a message to employees that Reuters obtained...
October 2008
NoW its's Chrysler's Bob Nardelli gone crazy seeking options in any partnership
Chrysler’s chief executive says his company hasn’t reached any new deals with other automakers but company is holding talks about a potential alliance with another automaker, but cautioned no deal had been reached. In a memo to employees o...
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