Chrysler’s international management includes (l. to r.): CEO Sergio Marchionne, who holds dual Italian and Canadian citizenship, Parisian Olivier Francois, CEO of Chrysler Brand, and Italian Pietro Gorlier, CEO of Mopar brand. Photos courtesy of Chrysler Group LLC.
This is the week for which Chrysler fans and company watchers have been waiting. Tomorrow, Chrysler reports October [...]
Chrysler Group continues to trim the ranks of hourly employees. The automaker confirmed Friday that buyout and early retirement offers went out to 23,000 workers represented by the United Auto Workers union. The offers include cash, vehicle vouchers and, depending on tenure and location, at least some pension and retirement health benefits. Special offers are [...]
Chrysler Group’s deputy CEO, Jim Press, may have already received his last Chrysler paycheck. According to Kenneth Feinberg, the U.S. Treasury’s special master for executive compensation, payments already made to a senior Chrysler executive exceed the allowable maximum for companies that have received government bailouts.
Feinberg did not name specific executives, simply saying that three senior [...]
Top executives at Chrysler Group will soon see a major cut in their paychecks. As soon as today, the U.S. Treasury plans to announce new limitations on executive pay packages at companies that received the most government assistance under the Troubled Asset Relief Program (TARP). In addition to Chrysler, affected companies include General Motors, American [...]
Fiat SpA, the Italian industrial holding company which owns Fiat, Lancia and Alfa Romeo and controls Chrysler Group, is expected to report a third-quarter operating profit tomorrow as sales of its car brands have grown and overcome declines in sales in its truck and heavy equipment lines.
Although Sergio Marchionne, CEO of both Fiat and Chrysler, [...]
Sergio Marchionne is “the next generation of Lee Iacocca,” according to Transportation Secretary Ray LaHood.
Following a speech to the Detroit Economic Club, LaHood said, “I think what I saw at Chrysler is what people felt when Iacocca was there. It’s a new level of energy and enthusiasm because there’s new leadership of people that know [...]
Chrysler CEO Sergio Marchionne is certain Chrysler can begin showing a profit in 2011, a view that is supported by a Morgan Stanley analyst.
According to the Detroit News, Adam Jonas with Morgan Stanley recently wrote a report indicating he believed the automaker would be showing a profit from operations as soon as 2010, though [...]
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