The number of creditors objecting to the Chrysler-Fiat-Treasury plan appears to be dwindling, if a motion filed today by the “Attorneys for the Chrysler Non-TARP Lenders” (Thomas Lauria, who claimed death threats as the sole named attorney) is any evidence.
In part II, the document tellingly describes the “Non-TARP Lenders” as holding “over $300 million of [...]
In their rush to send out key details of Obama’s auto plan, many journalists ignored important information. This is the full text; other documents are available from the White House.
One of the challenges we have confronted from the beginning of this administration is what to do about the state of our struggling auto industry. [...]
Cars at Carlisle has announced its agenda for the All-Chrysler Nationals for 2009. Two reunions will take place, one for the M-code Dart and Cudas with factory 440 engines, and one for the A12 Road Runner and Super Bee. There will also be invitational displays, including one for survivors, and a recreated 1969 dealership. There [...]
Chrysler has re-organized their product development teams to reflect new processes and synergies. Key appointments are:
Scott Kunselman, Jeep/Truck Vice President. Reporting to Scott are several chief engineers for specific programs, as well as directors of program management, body engineering, interior engineering, and chassis engineering.
Daniel Knott, Car/Minivan/SRT Vice President. Again, reporting to Daniel are various chief [...]
The U.S. Army has begun ordering the first of 4,000 electric vehicles for on-base transportation use. The first six will come from Chrysler’s Global Electric Motorcars (GEM) division.
All the vehicles will carry the Army logo, “Army Green, Army Strong.”
The Army wants to reduce its fuel consumption by 2 percent in the next six years. Since [...]
The automobile industry, hammered by slow sales and tight credit, will pass homebuilding as the most distressed industry in the United States next year. The still-suffering housing industry, the winner for 2008, is seen as falling to third, after autos and the retail sector, according to an early December survey of the213-member Turnaround Management Association.
Chrysler, [...]
Chrysler LLC Chairman and Chief Executive Bob Nardelli read the following statement to the U.S. Senate Committee on Banking, Housing and Urban Affairs, on Nov. 18, 2008:
Mr. Chairman, members of the Committee, I appreciate this opportunity to address the current economic and financial crisis, the impact it is having on the automotive industry, and the [...]
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