VW, Porsche boards approve merger

July 23rd, 2009 by Bill Cawthon

British industry publication just-auto.com is reporting that the supervisory boards of Volkswagen AG and Porsche have approved a merger with of Porsche Automobil Holding SE, Porsche’s vehicle manufacturing operation with Volkswagen. The combined companies will operate under VW leadership based in Wolfsburg, Germany. Porsche itself will remain an independent company and keep its headquarters in [...]

Tags: merger, Porsche, Volkswagen. Auto industry

Confirmed: new Chrysler board

April 17th, 2009 by DaveAdmin

Bob Nardelli wrote: “Upon successful completion of the alliance, a board of directors for Chrysler will be appointed by the U.S. government and Fiat. The majority of the directors will be independent (not employees of Chrysler or Fiat). The board will have the responsibility to appoint a chairman. The board also will select a CEO [...]

Tags: Canada, Cerberus, Chrysler, Fiat, Government loans, merger, suppliers, UAW, union. Alliances, Canada, Chrysler, Fiat

Chrysler 200C-based Alfa Romeo 169

April 5th, 2009 by DaveAdmin

“JackRatchett” has provided a rendering of what the 200C could look like in its Alfa Romeo 169 form. Part of the Fiat deal would let Fiat build its own version of large Chrysler cars, such as the upcoming Chrysler 200C, including their state of the art Phoenix V6 engines. (The full size version is on [...]

Tags: Alfa Romeo, Chrysler 200C, Fiat, merger. Alliances, Chrysler, Concept cars, Credible Rumors, Fiat, Future vehicles

Bankruptcy is only for the poor

February 26th, 2009 by DaveAdmin

Head of the Fed Ben Bernanke flatly ruled out a government takeover of major banks, such as Citigroup, that would wipe out stockholders.
Rhetoric is rather different when talking about banks vs. automakers. When they mention GM and Ford, they say the stockholders deserve nothing because they were asleep at the switch. Automaker bankruptcy has almost [...]

Tags: acquisition, automakers, bankruptcy, banks, Chrysler, Corker, credit, Delphi, executive compensation, Executives, government, lawyers, market, May, merger, retiree benefits, retirees, stock, Takeover. Auto industry, Government loans

Upcoming Chrysler-Fiats

January 25th, 2009 by DaveAdmin

Several sources have been projecting which vehicles from Fiat may be sold by Chrysler over the coming years, based on the utterances of Frank Klegon and Jim Press, internal sources, and bare speculation. Most recently, Jim Press said that a Fiat-based Chrysler-made vehicle could arrive in as little as two years, but said that items [...]

Tags: Alliances, Fiat, merger, Plymouth, small cars, Takeover. Alliances, Fiat

Analysts like rumored Chrysler-Fiat alliance

January 20th, 2009 by Bill Cawthon

The Wall Street Journal’s European edition says confirmation of a Chrysler Fiat alliance could come as early as today. Bloomberg News has picked up on the reports from the Financial Times and Automotive News which say a memorandum of understanding was signed last Friday. Chrysler has issued a non-committal statement and Fiat has said nothing [...]

Tags: Alliances, Chrysler, Fiat, merger, Nissan, Sergio Marchionne. Auto industry, Cerberus, Chrysler, Factories, Fiat

LaSorda: no sale plans

January 14th, 2009 by DaveAdmin

Reuters, which has reported numerous false rumors in the past, recently claimed that Chrysler was actively engaged in discussions with Nissan-Renault to sell brands or other core assets. Tom LaSorda emphatically denied that Chrysler was discussing the sale of brands or key assets this morning.

Tags: Lasorda, merger, Nissan. Cerberus

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