Tag Archive for 'nardelli'

Let’s hand it to Cerberus

December 23rd, 2008 • by David Zatz

Cerberus has been an interesting owner for Chrysler. The roller-coaster ride that started in 1923 continued under their reign, accelerated to sometimes-absurd speeds. Their love for secrecy led to an overactive grapevine, especially as they combined it with a new openness in other areas. Their high-profile hires were sometimes exceptional (Jim Press) and sometimes awful [...]

Tags: bailout, cerberus, challenger, chrysler, loans, merger, nardelli.
Chrysler Corp, DCX, Post-DCX, cerberus

2 Comments

UAW agrees to $1 per year; automakers still need cash

December 3rd, 2008 • by David Zatz

That’s a headline you could actually read.
The UAW workers’ wages aren’t that important, in the whole scheme of things. Really. That’s not the big issue, at least not for Chrysler.
Take a look at Chrysler’s estimated expenses for Quarter 1, 2009. Out of $11.6 billion, wages account for $900 million. That’s much less than 10%. Even [...]

Tags: automakers, ford, loans, nardelli, toyota.
bailout

35 Comments

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