*A Press Release From Chrysler…* The New Chrysler today issued the following statement from Tom LaSorda, President and CEO, regarding the closing of a transaction for the company: “With the transaction complete, we can now focus all of our efforts on our day-to-day business by moving faster, quickly reacting to customer needs and bringing out […]
Archives for August 2007
Nardelli Is New Chrysler CEO
Cerberus has [hired Robert Nardelli](http://money.cnn.com/2007/08/05/news/companies/chryslernardelli.fortune/index.htm?postversion=2007080523 “Robert Nardelli”) to be their new CEO. This is the guy whose previous job ended in disgrace. His claim to fame was that Home Depot’s stock had dropped 40%, all while he received a giant compensation package. >Nardelli angered Home Depot shareholders when he refused to take questions during a […]
It’s No Longer Daimler-Chrysler
Daimler and Chrysler are two separate companies again. This past week Daimler official closed it’s sale of Chrysler to Cerberus Capital. Now is when the big questions related to Jeep will begin to appear. Will Cerberus invest in the company or will they scale back to basics. I’m of the belief that they should scale […]
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