Posted on September 7th, 2011 • by Bill Cawthon
Chrysler Group has appointed Léo W. Houle, 63, and John B. Lanaway, 60, to its board as independent directors, effective immediately. They will replace Scott M. Stuart and George F.J. Gosbee, who have resigned. C. Robert Kidder, who was chosen by the U.S. government to replace Robert Nardelli as Chrysler’s chairman upon the company’s emergence [...]
•
Like on Facebook • Tags:
board of directors,
Chrysler Group,
Executives.
Posted on July 22nd, 2011 • by Bill Cawthon
In an statement from Turin today, Fiat SpA announced it has completed the purchase of the U.S Treasury’s 6% interest in Chrysler Group LLC for $500 million, and of the Canadian government’s 1.5% stake for $125 million. With these these purchases, Fiat SpA now holds a majority interest of 53.5% of Chrysler. With the final [...]
•
Like on Facebook • Tags:
acquisition,
Canada,
Chrysler Group,
Fiat SpA,
U.S. Treasury.
Posted on April 6th, 2011 • by Bill Cawthon
Sources close to the action say Fiat is perhaps just weeks away from adding another five percent to its holdings in Chrysler Group, bringing its total stake to 30 percent. To gain the second five-percent tranche, Chrysler had to meet two objectives. First, the company had to earn more than $1.5 billion from outside the [...]
•
Like on Facebook • Tags:
Chrysler Group,
Dodge Journey,
Fiat Freemont,
Fiat SpA,
l,
Sergio Marchionne,
tranche.
Posted on January 31st, 2011 • by Bill Cawthon
Chrysler Group released its preliminary fourth-quarter financials this morning. The company’s net revenues in the quarter were down slightly to $10.8 billion because of lower unit sales: total revenue for the year was $41.9 billion. Modified operating profit was $198 million making a total operating profit of $763 million, which is ahead of guidance. The [...]
•
Like on Facebook • Tags:
Chrysler Group,
financial statements,
fourth-quarter results,
Sergio Marchionne.
Posted on November 17th, 2010 • by Bill Cawthon
Chrysler Group LLC announced today that it has selected 130 dealers to represent the Fiat brand in the United States. These group of dealers will be the first to sell the 2012 Fiat 500. The Fiat brand marks its return to the North American market today with the reveal of the 2012 Fiat 500 at [...]
•
Like on Facebook • Tags:
Chrysler Group,
dealers,
Fiat,
franchises.
Posted on September 27th, 2010 • by David Zatz
Chrysler has just released the following statement: Chrysler Group has completed its investigation of the Jefferson North employees recently suspended for inappropriate conduct during their lunch period. It has been determined that 13 employees engaged in behavior that violated the Company’s Standards of Conduct and these 13 employees were discharged today. Two remaining employees will [...]
•
Like on Facebook • Tags:
Chrysler,
Chrysler Group,
employees,
Jeep.
