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Tag Archive for 'Korea'

Bob Nardelli testifies to the Senate

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 [...]

Hyundai not interested in Jeep Division

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 are [...]

Chrysler, UAW urge rejection of Korea free trade agreement

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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