Chrysler LLC’s future leadership will be determined by the U.S. government and Fiat SpA if Chrysler succeeds at merging with the Italian auto maker. Chrysler Chief Executive Officer Bob Nardelli, in a note to employees obtained by Dow Jones Newswires, said a new board of directors will be appointed by the federal government and...
Posts Tagged ‘ U.S. Automakers ’
Chrysler has 19 days to decide on debt plan
April 11, 2009
By SunbirdWith 19 days to go, talks among Chrysler LLC, the Obama administration and Chrysler’s creditors have yet to produce a firm proposal for how the company’s debt should be reduced, people familiar with the process said on Friday. President Barack Obama’s auto task force says it believes reducing the debts of Chrysler and General...
GM CEO Meets U.S. Officials
March 28, 2009
By SunbirdWith the White House set to announce more financial aid for General Motors and Chrysler on Monday, the Obama administration’s automotive task force met yesterday, and GM chief executive G. Richard Wagoner Jr. visited with officials. On Thursday, President Obama said that the administration’s aid package would require the companies to make “painful” and...
