Bob Nardelli - egmCarTech (2)

Miscellaneous Thoughts: Nardelli finally talks, Obama said to announce Chrysler bankruptcy tomorrow

Posted: Apr 29, 2009

Filed under: Chrysler, Hybrids, Green News, Miscellaneous Thoughts, Tata Motors

Tomorrow is April 30th. To many it’s just another day on the calendar but to us and Chrysler, it is the deadline for the Aurburn Hills automaker set by the Obama administration to restructure and partner with Fiat.
Obama to announce Chrysler bankruptcy tomorrow: Obama plans to announce tomorrow that Chrysler will be placed into Chapter 11 [...]

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Miscellaneous Thoughts: Should the Pontiac G8 become a Camaro SS sedan? Where is Chrysler’s Bob Nardelli?

Posted: Apr 27, 2009

Filed under: Chevrolet, Chrysler, GM, Miscellaneous Thoughts, Pontiac

So it’s been a pretty crazy morning for the automotive industry with GM officially announcing the death of Pontiac. Of course many of you are wondering what’s going to happen to Pontiac’s product lineup. Well, we have some bad news for you.
CEO Fritz Henderson made it clear today no Pontiac car will be rebadged as Chevrolets [...]

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Fiat: Chrysler bankruptcy won’t kill partnership efforts

Posted: Apr 27, 2009

Filed under: Chrysler, Fiat, Industry News

Sources familiar with the matter said that Fiat will move forward with a Chrysler LLC alliance even if the company is forced to enter bankruptcy. Insiders said that Fiat officials will continue to work with the U.S. Treasury Department to complete an agreement, reports Automotive News.
Chrysler has until this Thursday, April 30th, to complete a [...]

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Fiat denies reports that Chrysler deal is 90 percent complete

Posted: Apr 22, 2009

Filed under: Chrysler, Fiat, Industry News

Bruno Vitali, head of the automotive sector of the Fim-Cisl Italian union, said that he met with UAW President Ron Gettlefinger today. A reported by Italian wire service ANSA quoted Vitali saying that the “Fiat-Chrysler deal is ready and could be signed as soon as this afternoon.” According to Automotive News, the publication said that Vitali [...]

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Chrysler sends letter to CAW threaten to stop building vehicles in Canada

Posted: Apr 18, 2009

Filed under: Chrysler, Industry News

Chrysler’s CEO Bob Nardelli and president Tom LaSorda sent out a letter to Canadian employees on Friday, warning that if the 8,000 factory workers do not agree to pay cuts, Chrysler will no longer build vehicles in Canada.
Canadian Auto Workers (CAW) president Ken Lewenza responded to the letter calling it “an unprecedented and outrageous series [...]

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Nardelli may be ousted as Chrysler CEO if Fiat alliance goes through

Posted: Apr 17, 2009

Filed under: Chrysler, Fiat, Industry News

Earlier this month, we’re briefly touched on the subject of Chrysler’s board being shuffled around if a proposed partnership with Fiat goes through. However, today we’ll just say what may soon become inevitable. Chrysler’s current boss Bob Nardelli may be asked to step down by Fiat and the U.S. Treasury as the two will select [...]

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Fiat CEO warns he will ditch talks with Chrysler if union doesn’t cut labor costs

Posted: Apr 15, 2009

Filed under: Chrysler, Fiat, Industry News

Fiat’s CEO Sergio Marchionne told the Globe and Mail today that he would ditch the idea of partnership unless Chrysler’s unions agreed to cut labor costs. He told the Toronto newspaper that a partnership between Fiat and Chrysler had a 50-50 chance of succeeding because of the lack of progress in talks with union leaders [...]

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A future Chrysler/Fiat partnership could bring new management in Auburn Hills

Posted: Apr 13, 2009

Filed under: Chrysler, Fiat, Industry News

If the proposed partnership between Chrysler and Fiat goes through, we could see a revised ownership structure and possible even a change in management for Chrysler.
According to AutoWeek, among the options being discussed is a direct role in Chrysler for Fiat CEO Sergio Marchionne. Sources say that a possible chief executive job for Marchionne is [...]

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White House: GM’s new CEO has embraced change of direction, Chrysler and Fiat meeting with task force

Posted: Apr 04, 2009

Filed under: Chrysler, GM, Industry News

The White House’s economic adviser Austan Goolsbee said yesterday that General Motors’ new chief executive officer has embraced a change of direction and is working to make the company viable. He said that under Fritz Henderson, who replaced ousted CEO Rick Wagoner, is heavily engaged in restructuring.
“It’s clear he’s embracing a change of direction and [...]

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Fiat’s CEO lands in Detroit, will meet with Chrysler’s union and creditors

Posted: Mar 31, 2009

Filed under: Chrysler, Fiat, Industry News

Almost a month later, Fiat’s CEO Sergio Marchionne will be returning to the United States; however, this time instead heading to Washington to meet with the auto task force, Marchionne will be going straight to Detroit to visit Chrysler and Bob Nardelli.
According to Automotive News, Marchionne took a red-eye on Monday to Detroit after President [...]