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After 23 years of service, Don Goodwin, Vice President—Global Service, announced his intention to retire at the end of November. He had spent 21 years in product development. With his departure, Chrysler announced a “realignment” of the Service and Parts organization; pending that, numerous executives will report to Executive Vice President Simon Boag, who is [...]
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 [...]
Though he has opposed loose use of bankruptcy laws in the past, the lead Republican critic of auto industry bridge loans, Senator Richard Shelby, whose turf includes several “transplant” car factories, has strongly urged the Big Three automakers to declare bankruptcy to “free themselves” of past obligations. Senator Shelby has noted that bankruptcy would allow [...]
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 [...]