Tag Archives: Bob Nardelli
Bob Nardelli’s letter to Chrysler employees
Former Chairman and CEO Bob Nardelli, who will be returning to his duties at Cerberus Capital Management, sent the following farewell letter to Chrysler employees:
Dear Employees,
Congratulations!
I am pleased to report that we have closed the alliance agreement between Chrysler Group LLC and Fiat S.p.A. and have emerged from bankruptcy in record time. Chrysler Group now [...]
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Chrysler completes sales to Fiat, new Chrysler Group begins operations immediately
As reported last night, the Supreme Court approved the sale of Chrysler LLC to Fiat SpA after the process faced delays earlier this week. Today, Chrysler completed the sale of its strongest assets to Fiat SpA into a new company known as Chrysler Group LLC. The new company will begin operations immediately.
Fiat CEO Sergio Marchionne [...]
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Chrysler reported to be hiding bid for Viper, Fiat said to be threatened by Viper as Ferrari rival
Last month when Chrysler listed most of its $2 billion assets in bankruptcy court, the Auburn Hills automaker said that it didn’t have any firm offers for its Viper brand, which was put up for sale last August. The only offer that Chrysler listed was a $5.5 billion bid by Devon Motors Works.
Now there is [...]
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Nardelli: Chrysler’s sale to be completed Friday
Chrysler’s CEO Bob Nardelli said today that he expects the sale of the automaker’s assets to a new company to be completed by Friday. He said that regulatory approvals will be finalized and he will step down as the company’s CEO.
Nardelli said that he plans on returning to his former post at Cerberus Capital Management [...]
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BREAKING: C. Robert Kidder to become Chairman and CEO of Chrysler
For the record – Sergio Marchionne lied to all of us. Earlier this month, the Fiat CEO said that he will become CEO of Chrysler after it emerges from bankruptcy in 60 days. Well, that wasn’t true.
Chrysler officially announced today that C. Robert Kidder, former Chairman of Borden Chemical Inc. and Duracell International Inc., will [...]
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BREAKING: Fiat’s CEO Sergio Marchionne says “I will become Chrysler CEO”
On April 30th, Chrysler’s CEO Bob Nardelli said that he will be stepping down after Chrysler emerges from bankruptcy. He said that following Chapt. 11 hearings, the U.S. government will select six board members, while Fiat will select three. That new board would select a new CEO for the new company, Nardelli said. Well, Chrysler [...]
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Next Chrysler CEO to have salary capped at $500,000, no wonder Nardelli ran away
So you think you have what it takes to become Chairman and CEO of Chrysler LLC and replace the soon-to-be-former CEO Bob Nardelli. Well, you better be ready to have your salary capped without the likeliness of receiving any additional compensation.
Whoever replaces Bob Nardelli will have the tough job of rebuilding Chrysler with Fiat technology, U.S. [...]
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Chrysler CEO Nardelli to step down, LaSorda to retire, Jim Press to stick around
During our live blogging session earlier this morning, Chrysler CEO Bob Nardelli said that he will be stepping down from his position after the company emerges from bankruptcy. He made it clear that the decision was his own and that the U.S. Treasury had not asked him to resign.
According to AutoObserver, Nardelli will return as an [...]
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Chrysler releases official statement on Fiat partnership
Just for those of you that love reading press releases, Chrysler has officially released a statement regarding its new partnership with Fiat SpA.
“This partnership transforms Chrysler into a vibrant new company with a wealth of strategic advantages,” said Bob Nardelli, Chairman and CEO of Chrysler, who said he will be stepping down once Chrysler is [...]
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BREAKING: UAW ratifies Chrysler contract
The members of the United Auto Workers have ratified a contract with Chrysler on the eve of the government-imposed deadline for the Auburn Hills automaker to show its viability in the long-term.
82 percent of production workers and 80 percent of skilled-trades workers voted in agreement, while 90 percent of office and clerical workers voted in [...]
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