Posted on May 5th, 2009 • by David Zatz
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 [...]
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Posted on December 19th, 2008 • by Bill Cawthon
Deborah Wahl Meyer, Chrysler’s Chief Marketing Officer, is leaving the company today and Phillip F. Murtaugh, who has been handling the company’s Asia operations, will be leaving at the end of the month as part of the latest management realignment. The company says both are leaving to “pursue other interests.” Steven J. Landry, Executive V-P of North [...]
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Posted on December 7th, 2008 • by Bill Cawthon
Chrysler CEO Bob Nardelli told members of Congress that Cerberus Capital Management had turned him down when he requested more funding. The statement came on Friday as Nardelli testified during hearings on the proposed bailout for the Detroit automakers. Legislators have been especially critical of any assistance for privately held Chrysler, which is looking for [...]
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Posted on December 4th, 2008 • by Bill Cawthon
General Motors Corp and Chrysler LLC said they would be open to a merger if the federal government required it as a condition for emergency financing. The statement came as GM Chief Executive Rick Wagoner and Chrysler Chief Executive Bob Nardelli were testifying before the Senate Banking Committee and would appear to revive the chances [...]
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Posted on December 4th, 2008 • by Bill Cawthon
The U.S. Department of Energy has turned down the applications from Chrysler, Ford and General Motors for grants under the $25 billion Advanced Technology Vehicle Incentives program approved in September as part of the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act of 2009. At a Congressional hearing, Senator Bob Corker, a Tennessee Republican, said [...]
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Posted on December 4th, 2008 • by Bill Cawthon
Chrysler has consolidated five of its product teams, Jeep, truck, car and minivan, Project D, and street and racing technology, into three teams. With the consolidation, the following management changes were made: Scott Kunselman, previously vice president of the Truck Product Team, was named vice president of the Jeep/truck product team. Daniel Knott, who was [...]
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