Cars
We can’t say that we weren’t expecting surprise moves from Chrysler LLC’s new owner Cerberus Capital Management LP, but to shut down the entire company for two weeks in July during the period when it usually closes only its assembly plants, is definitely a shocker. Chrysler LLC informed its employees of its shut down plan this morning (Thursday, March 13) in an e-mail that was sent by Chief Executive Officer Robert Nardelli.
- Change Of Plans For Chrysler Group, Will Eliminate Duplicate Models, Hints At U.s. Market Delta
The product plan brewing continues over at the Fiat Group – Chrysler LLC alliance. Following the recent news on the Jeep and Alfa Romeo brands, the group's CEO Sergio Marchionne offered new details on Chrysler LLC's strategy. In an interview...
- Former Chrysler Ceo Nardelli Says Cerberus Could Have Saved The Automaker
It's been two years since Bob Nardelli stepped down as Chrysler CEO while the company was still owned by private equity firm Cerberus Capital Management LP, for which he still works, but the 63-year-old exec still has the hots for the Detroit carmaker....
- Chrysler Llc To Shut Down Most Plants From May 4
In both statements released to the press and the firm's employees, Chrysler LLC's outgoing CEO Bob Nardelli announced that while in bankruptcy, most manufacturing plants of the automaker will be temporarily idled. The lockdown will commence on...
- Daimler Stops Talks With Cerberus On 19.9% Chrysler Stake
*Update: Cerberus Statement Added After the Jump Divorces always seem to end in the most bitter ways. Mercedes-Benz's parent company Daimler issued an edgy statement today in concern of the negotiations with private equity firm Cerberus for the sale...
- Report: Chrysler In Talks With Hyundai And Renault-nissan
As soon as it became known that General Motors suspended its acquisition efforts of its equally financially troubled cross-town rival (click here for details), Reuters broke a news story saying that the Chrysler LLC owner Ceberus Capital Management has...
Cars
Chrysler LLC to Completely Shut Down for Two Weeks in July!
We can’t say that we weren’t expecting surprise moves from Chrysler LLC’s new owner Cerberus Capital Management LP, but to shut down the entire company for two weeks in July during the period when it usually closes only its assembly plants, is definitely a shocker. Chrysler LLC informed its employees of its shut down plan this morning (Thursday, March 13) in an e-mail that was sent by Chief Executive Officer Robert Nardelli. This is the first closure for the struggling No. 3 U.S. automaker since its acquisition from Cerberus, as it attempts to cut costs and preserve cash. “This is a drastic cost-cutting step,'' said Dennis Virag, president of Automotive Consulting Group in
Via: Bloomberg
- Change Of Plans For Chrysler Group, Will Eliminate Duplicate Models, Hints At U.s. Market Delta
The product plan brewing continues over at the Fiat Group – Chrysler LLC alliance. Following the recent news on the Jeep and Alfa Romeo brands, the group's CEO Sergio Marchionne offered new details on Chrysler LLC's strategy. In an interview...
- Former Chrysler Ceo Nardelli Says Cerberus Could Have Saved The Automaker
It's been two years since Bob Nardelli stepped down as Chrysler CEO while the company was still owned by private equity firm Cerberus Capital Management LP, for which he still works, but the 63-year-old exec still has the hots for the Detroit carmaker....
- Chrysler Llc To Shut Down Most Plants From May 4
In both statements released to the press and the firm's employees, Chrysler LLC's outgoing CEO Bob Nardelli announced that while in bankruptcy, most manufacturing plants of the automaker will be temporarily idled. The lockdown will commence on...
- Daimler Stops Talks With Cerberus On 19.9% Chrysler Stake
*Update: Cerberus Statement Added After the Jump Divorces always seem to end in the most bitter ways. Mercedes-Benz's parent company Daimler issued an edgy statement today in concern of the negotiations with private equity firm Cerberus for the sale...
- Report: Chrysler In Talks With Hyundai And Renault-nissan
As soon as it became known that General Motors suspended its acquisition efforts of its equally financially troubled cross-town rival (click here for details), Reuters broke a news story saying that the Chrysler LLC owner Ceberus Capital Management has...