In their rush to send out key details of Obama’s auto plan, many journalists ignored important information. This is the full text; other documents are available from the White House.
One of the challenges we have confronted from the beginning of this administration is what to do about the state of our struggling auto industry. [...]
Dear Stakeholders,
Today, Chrysler LLC submitted its viability plan to U.S. Treasury Secretary Geithner in line with the government’s deadline. It gives detailed information on how we will achieve and sustain long-term viability. We believe our submission meets the terms of the federal loan demonstrating our viability as a stand-alone company, as well as the potential [...]
Chrysler President Jim Press told reporters the company is still talking to other potential partners in case the federal government nixes the proposed tie-up with Fiat.
“If it doesn’t work out with Fiat, we still have had other conversations with other potential partners and alliances and those obviously can continue, so we have other alternatives,” Press [...]
The leaders of Fiat S.p.A. had a chance to introduce themselves to Chrysler management at the recent meetings in Auburn Hills.
At the meeting were Sergio Marchionne, CEO of both Fiat and Fiat Group Automobiles S.p.A., and Alfredo Altavilla, CEO of Fiat Powertrain Technologies S.p.A. and Senior V-P, Business Development, Fiat Group Automobiles S.p.A.
Marchionne opened the [...]
Last year, Allpar noted that Fiat representatives had been visiting Chrysler plants, including the one in Newark, Delaware, that produced the Durango until December. Numerous possibilities were aired, including the contract construction of Fiat’s commercial trucks in the United States, and a partnership where Fiat would supply its successful A and B class cars to [...]
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 [...]
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