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. [...]
Chrysler CEO Bob Nardelli today sent an e-mail to company employees affirming that the automaker can survive as a stand-alone business.
The message was spurred by questions from President Obama’a Task Force about the proposed alliance with Fiat SpA.
In his message, Nardelli wrote: “We were asked by the task force whether Chrysler is viable without a [...]
Sergio Marchionne. CEO of Fiat SpA. met with President Obama’s auto industry task force today. His job was to sell the task force members on the proposed alliance with Chrysler.
During the meeting, Marchionne explained the role each company would play and the reasons the alliance would help ensure Chrysler’s long-term viability.
Marchionne also assured the task [...]
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 [...]
According to a late-breaking report in Automotive News, President Obama has decided against appointing a single individual as a “car czar” to oversee the restructuring of Chrysler and General Motors.
Instead, the President will form a task force charged with ensuring the plans to be submitted next Tuesday will move the automakers to long-term viability. According [...]
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