Posted on 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, [...]
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Posted on April 30th, 2009 • by David Zatz
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 [...]
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Posted on April 30th, 2009 • by Bill Cawthon
Chrysler LLC today announced that, as a result of the comprehensive restructuring plan agreed to by many of its stakeholders, it has reached an agreement in principle to establish a global strategic alliance with Fiat SpA to form a vibrant new company. It will allow Chrysler and Fiat to fully optimize their respective manufacturing footprints [...]
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Posted on April 17th, 2009 • by Bill Cawthon
In a note to employees, Chrysler CEO Bob Nardelli said the automaker would give up control of its board of directors and senior management to Fiat and the U.S. government if the alliance is approved and additional government loans are received. According to Nardelli, the Italian automaker and the government would appoint a new board, [...]
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Posted on March 30th, 2009 • by David Zatz
Dear Employees, Today’s announcement by the Administration represents an important step forward on our path to viability. The Administration, U.S. Treasury and the President’s Auto Task Force have recognized Chrysler’s viability as an important part of the U.S. auto industry and overall economy, and have provided a critical vote of confidence in our alliance with [...]
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Posted on March 29th, 2009 • by Bill Cawthon
Sources close to the discussion told Bloomberg News that Chrysler CEO Robert Nardelli has not been asked to step down, a fate already meted out to General Motors CEO Rick Wagoner. This is likely because of the leaders of the three Detroit automakers, Nardelli has the least time in his position.
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