Posted on November 12th, 2010 • by Bill Cawthon
The following statement was issued yesterday by Sergio Marchionne, CEO, Chrysler Group LLC: “Chrysler Group and its 50,000 plus employees greatly appreciate the strong commitment that President Obama and Ambassador Kirk have demonstrated to finalizing an enforceable agreement that provides meaningful market access for American-made vehicles in South Korea. We are encouraged that President Obama [...]
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Posted on November 18th, 2008 • by David Zatz
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 [...]
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Posted on November 9th, 2008 • by Bill Cawthon
Hyundai Motor Company, South Korea’s largest automaker, denies media reports that it is in talks with Cerberus Capital Management about purchasing Chrysler’s Jeep Division. “We have no interest whatsoever in acquiring Chrysler, including Jeep and have not engaged in any discussions with Cerberus on this matter,” Jake Jang, a Hyundai spokesman, told Reuters. “Our hands [...]
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Posted on September 25th, 2008 • by Bill Cawthon
Chrysler and the United Auto Workers union urged members of a Senate committee to reject a proposed Korea Free Trade Agreement. The deal would immediately eliminate the entire U.S. tariff on Korean passenger cars and most of Korea’s tariff on U.S. light vehicles, currently eight percent on passenger vehicles and ten percent on trucks. It [...]
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