Toyota to dump California plant

It appears the days are numbered for California’s last automotive production facility. Sources with knowledge of the situation say the Japanese automaker will most likely wind down its share of the New United Motor Manufacturing Inc. plant it once shared with General Motors, ending the employment of the only UAW workers building Toyota products.
On Thursday, [...]

Bob Nardelli’s year-end wrap-up

Chrysler CEO Bob Nardelli recently sent an open letter to the employees of Chrysler. Some key points he made were:

Thanks to the U.S. and Canadian governments for providing bridge loans
Investment continues
88% of Chrysler vehicles got five stars in front crash tests; 86% got five stars in side impact tests
73% of models have better gas mileage [...]

Chrysler takes the pledge

Chrysler has started to polish its image with the following online ad. Chrysler’s CEO, Bob Nardelli, was the only Big Three CEO to agree to a $1 per year salary while taking Federal loans.
The domestic automobile industry is an integral part of the U.S. economy, representing 4% of our nations GDP. One in ten jobs [...]

Bob Nardelli testifies to the Senate

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 [...]