Nardelli gets new job at Cerberus

July 22nd, 2009 by Bill Cawthon

Bob Nardelli, former CEO of the former Chrysler LLC, has made another soft landing in a tough employment market. He is the new CEO of Cerberus Operating and Advisory Company LLC which oversees the compnies in which the investment firm has an interest.
Nardelli will also serve on Cerberus’s investment and valuation committees and be closely [...]

Tags: Cerberus, Nardelli. Cerberus, Executives

Last message from Bob Nardelli to employees

June 10th, 2009 by DaveAdmin

Dear Employees,
Congratulations!
I am pleased to report that we have closed the alliance agreement between Chrysler Group LLC and Fiat S.p.A. and have emerged from bankruptcy in record time. Chrysler Group now is a leaner, healthier and more robust company ready to compete in the challenging economy as an important player in the global automotive industry. [...]

Tags: bankruptcy, Cerberus, Chrysler, Executives, Fiat, Nardelli. Bankruptcy, Cerberus, Chrysler, Executives, Fiat

Chrysler statement on asset ruling

June 1st, 2009 by Bill Cawthon

Chrysler LLC today announced that the U.S. Bankruptcy Court, Southern District of New York, has approved its request to sell substantially all of its operations to Chrysler Group LLC, the new company formed in alliance with Fiat SpA.
“With this approval, the new Chrysler Group is created and can prepare to launch as a vibrant new [...]

Tags: Alliances, bankruptcy, Chrysler, Chrysler Group, Fiat, Nardelli. Alliances, Auto industry, Bankruptcy, Chrysler, Fiat

Nardelli: New Chrysler on Friday

May 28th, 2009 by DaveAdmin

Bob Nardelli said today that he expected the sale of Chrysler, LLC assets to Chrysler Group, LLC to take place on May 29, 2009 (Friday), surprising some observers. On Monday, Nardelli said, he expected to report to Cerberus’ headquarters.

Tags: Nardelli. Bankruptcy, Cerberus, Chrysler

Chrysler first day motions approved

May 2nd, 2009 by Bill Cawthon

The U.S. Bankruptcy Court has granted Chrysler “first-day” motions including approval to continue paying wages and health and welfare benefits to regular and contract employees and support its customer warranty programs.
“We accomplished a great deal today including approval of certain First-day motions, which will enable us to transition into Chapter 11 and maintain normal operations [...]

Tags: bankruptcy, Chrysler, Nardelli. Bankruptcy, Chrysler, Executives

Nardelli letter to Chrysler employees

May 1st, 2009 by Bill Cawthon

Dear Chrysler Employees:
This is a historic day for Chrysler. As a result of the comprehensive restructuring plan agreed to by many of our stakeholders, I am very pleased to report that Chrysler LLC and Fiat S.p.A. have reached an agreement in principle to establish a global strategic alliance. This agreement creates a new, competitive, global [...]

Tags: Alliances, bankruptcy, Chrysler, Fiat, Nardelli. Alliances, Auto industry, Bankruptcy, Chrysler, Events, Executives, Fiat, Government loans

LaSorda to retire

April 30th, 2009 by DaveAdmin

While Bob Nardelli will leave his CEO post at Chrysler to take up an advisory role at Cerberus, Tom LaSorda announced that he would retire while Chrysler is in Chapter 11 bankruptcy.
While LaSorda’s performance at Chrysler Corporation, DaimlerChrysler, and Chrysler LLC has generally been seen as positive, he recently threatened to shut down Chrysler’s usually-profitable Canadian [...]

Tags: Canada, Chrysler, Lasorda, Nardelli. Canada, Chrysler, Executives

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