Fisker Automotive announced today that former CEO, President, and Vice Chairman of Chrysler Group LLC, will become Vice Chairman of the Board and Chairman of the Board’s Strategy Council. LaSorda will also be working as an executive advisor to the management team on day to day operations, reporting to co‑founder and CEO, Henrik Fisker. Prior [...]
While General Motors’ executives are dropping like flies, two former Chrysler executives are getting back in the automotive game. According to Automotive News, Tom LaSorda and Steven Landry have both joined the board of ALTe, a startup supplier for hybrid vehicle powertrains. “When I reviewed the business plan and conducted the due diligence personally, it [...]
Chysler’s ex-president has joined the Penske Automotive Group and will advise the company on a possible bid for General Motor’s Saturn brand, reports Automotive News. Penske Automotive spokesman Anthony Pordon confirmed that Tom LaSorda has been hired as a consultant on providing insight on the Saturn matter. Tom LaSorda, 52, announced his retirement after Chrysler [...]
According to an affidavit filed in U.S. Bankruptcy Court in New York, just weeks before Chrysler filed for bankruptcy, it was seeking to sell parts to Chinese automaker. It’s also said that Chrysler has been exploring a partnership with every major automaker for at least two years – including Japanese rival Toyota. “Chrysler has attempted [...]
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 [...]
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 [...]
When you’re asking for a loan you usually ask humbly. However, Chrysler had a more direct tone with the Canadian government on Wednesday saying that the automaker may close plants in the country if it doesn’t get sufficient labor concessions, government aid and resolution of tax disputes. “Failure to satisfactorily resolve these three factors — [...]
While some of you are wondering where our visitor zermatt is (zermatt being a very analytical individual who we feel is a great addition to our community), we’re guessing he’s unwinding after a very tiring visit to Detroit on Monday where President Obama’s auto task force visited General Motors and Chrysler. Either way, the auto [...]
Chrysler’s main executives will be meeting with the Obama auto task force today. CEO Bob Nardelli, vice chairman Tom LaSorda and CFO Ron Kolka will all be meeting with the members of the U.S. Treasury Department’s auto team and the White House National Economic Council. No word on whether Jim Press will also attend. The [...]
