Posted on July 14th, 2010 • by Bill Cawthon
Former Chrysler LLC vice-chairman and president Jim Press has been hired as a consultant for Nissan-Renault’s global sales and marketing operation. Press has been working with the company for four months but the official announcement came just yesterday. “He’s visited with our dealers in the States, Europe and Japan and has already begun providing substantial [...]
•
Like on Facebook • Tags:
Auto industry,
Chrysler,
Jim Press,
Tom LaSorda.
Posted on October 23rd, 2009 • by Bill Cawthon
Chrysler Group’s deputy CEO, Jim Press, may have already received his last Chrysler paycheck. According to Kenneth Feinberg, the U.S. Treasury’s special master for executive compensation, payments already made to a senior Chrysler executive exceed the allowable maximum for companies that have received government bailouts. Feinberg did not name specific executives, simply saying that three [...]
•
Like on Facebook • Tags:
executive compensation,
Jim Press,
Sergio Marchionne,
Treasury.
Posted on September 18th, 2009 • by Bill Cawthon
According to the Detroit Free Press, Chrysler Deputy CEO Jim Press owes the U.S. government nearly $1 million in back taxes and the Internal Revenue Service has put a lien on family’s home in Birmingham, Michigan. A lien notice filed with the Oakland County Register of Deeds says Press and his wife, Suwichada, have an [...]
•
Like on Facebook • Tags:
Cerberus and Daimler,
Chrysler,
Jim Press.
Posted on August 21st, 2009 • by David Zatz
The Wall Street Journal reported that Jim Press, who made his name at Toyota, is planning to leave Chrysler before the end of 2009. Press led Toyota’s United States sales group, but moved to Chrysler in 2007 as part of the Cerberus team. He was widely praised for his handling of press conferences, where he [...]
•
Like on Facebook • Tags:
Jim Press.
Posted on June 12th, 2009 • by David Zatz
Jim Press attacked several “dealer myths” in front of Congress, defending Chrysler’s actions: Despite completing a painful restructuring, the New Chrysler Group will retain 86% of Chrysler dealers by volume, and 75% by location.I can empathize with the dealers who were not brought forward into the new company, and can understand their disappointment. This has been the [...]
•
Like on Facebook • Tags:
Chrysler,
Congress,
dealers,
Jim Press.
Posted on June 3rd, 2009 • by David Zatz
Dozens of blogs have reported that President Barack Obama forced Chrysler to remove franchises from 789 dealerships for political reasons. On June 2, Jim Press testified that not renewing franchises for these dealers was necessary for corporate profitability. The 25% of dealers being dropped accounted for 14% of Chrysler’s overall sales; but sales are not [...]
•
Like on Facebook • Tags:
dealers,
Jim Press,
President Obama.
