18 result(s) displayed (1 - 18 of 18):
Jim Press, a Toyota Motor Corp. (NYSE:TM) veteran who was the only member of Chrysler Group LLC's management team to stay on after the company's bankruptcy, reportedly plans to leave the automaker before year's end.Press came to Chrysler in September 2007, part of an all-star management team recruited by new...
Posted on August 21, 2009 1:15 PM
Newly reorganized Chrysler Group LLC rounded out its board over the weekend, presenting a slate of candidates with backgrounds that might offer a hint of what the long-term plans are for the company.Chrysler picked one-time Northwest Airlines CEO Douglas Steeland, R.R. Donnelley & Sons Co. (NYSE:RRD) chairman Stephen M. Wolf,...
Posted on July 6, 2009 1:51 PM
Fiat SpA CEO Sergio Marchionne (pictured) has apparently wasted little time putting his stamp on Chrysler Group LLC.Marchionne, who took the top job at Chrysler earlier this month when the automaker emerged from Chapter 11 aligned with Fiat, has compressed eight layers of management into five and has begun making...
Posted on June 24, 2009 1:31 PM
The battle for Adam Opel GmbH might not be over yet.General Motors Corp., despite striking a tentative deal to sell a majority stake in Opel to Magna International Inc. (NYSE:MGA) last month, continues to hold discussions with rival suitor Ripplewood Holdings LLC, according to a report on the London Times'...
Posted on June 19, 2009 5:00 PM
Fiat SpA chairman Sergio Marchionne may or may not have the smarts to meld a busted Chrysler LLC with his firm and produce a viable global auto company. But he at least has the good sense not to further inflame a heated political discussion in the U.S. According to a Reuters...
Posted on June 9, 2009 10:57 AM
Recent deals done by GlaxoSmithKline plc (NYSE:GSK), Electricitie de France SA and Fiat SpA serve as prime examples of the extreme dealmaking that was talked about at October's Corporate Dealmaker Forum. That was about the time the recession was settling in for the long haul.A Reuters article highlighted these companies...
Posted on May 22, 2009 9:50 AM
A dustup now underway in Britain could be the shape of things to come in the rapidly reconfiguring and economically challenged global auto industry.As Dealscape notes, India's Tata Group Ltd. is seeking about £500 million ($754 million) of U.K. state assistance for carmaker Jaguar Land Rover. But talks have broken...
Posted on May 7, 2009 9:51 AM
Can Chrysler LLC be restructured outside of bankruptcy, ahead of the government's May 1 deadline? It's coming down to the wire.
Posted on April 29, 2009 5:04 PM
Lots of people have observed that it's a period of tectonic change for the economy. Few have summed it up as bracingly as Fiat SpA CEO Sergio Marchionne did Wednesday when laying out a tough negotiating stance for unions at Chrysler LLC. Here's the quote as it appeared in Lou...
Posted on April 15, 2009 1:47 PM
The Chrysler LLC-Fiat SpA pieces of the weekend's auto news have driven home two realities about our current situation: 1. The economic crisis, and the automotive component of it, really are global; and 2. Both government and business are in uncharted territory.Here we have the U.S. government telling Chrysler to...
Posted on March 30, 2009 9:55 AM
A planned joint venture between China's Chery Automobile Co. and Fiat SpA is the latest partnership to be stalled by the turbulent economy. The JV would have manufactured 175,000 cars this year, but the market for new cars has changed dramatically since the companies announced the 50-50 venture in 2007....
Posted on March 20, 2009 10:49 AM
Chrysler LLC executives told employees Monday they believed technology the company would receive as part of its joint venture with Fiat Group SpA would be worth as much or more than the $9 billion it is seeking in government loans.Cerberus Capital Management LP-owned Chrysler has a pending deal that would...
Posted on March 16, 2009 3:01 PM
Fiat Group SpA boss Sergio Marchionne got his day before the Obama Administration's auto task force on Thursday, arguing that a proposed partnership between his company and Chrysler LLC could revive Chrysler and leave it better-positioned to repay billions in government loans.Fiat has a tentative deal in place to collaborate...
Posted on March 5, 2009 4:54 PM
Most people knew struggling automakers General Motors Corp. and Chrysler LLC on Tuesday would ask the Treasury for money in addition to the $17.4 billion of government funding they already received. Suggesting up to another $22 billion, however, was surprising. Below is an outline of just what Chrysler wants and...
Posted on February 18, 2009 11:44 AM
General Motors Corp. CEO Rick Wagoner, once resolutely opposed to a GM bankruptcy, is now considering that very option, according to a Wall Street Journal report. On Tuesday in Washington, GM and Chrysler will present the Treasury with an update on their progress thus far and restructuring options as they...
Posted on February 16, 2009 1:35 PM
Giving multiple press interviews while your team is engaged in due diligence is not the typical way to execute a deal. But then, the announced acquisition by Fiat SpA of a 35% stake in Chrysler LLC (with an option to go to 55%) is not a typical deal by any...
Posted on February 3, 2009 1:25 PM
If there are any mass-production carmakers looking for a partner, Fiat SpA may be able to help. The reinvigorated Italian manufacturer is preparing a €2 billion ($2.6 billion) capital increase to purchase a stake in French rival Peugeot SA and form an alliance, according to a La Repubblica report...
Posted on January 22, 2009 9:27 AM
General Motors Corp. won't be taking over Chrysler LLC after all. But it may still end up having helped to salvage the most vulnerable U.S. automaker.At least that's one angle worth noting in Tuesday's announcement of plans for an alliance between Chrysler and Fiat SpA. In exchange for assets, distribution...
Posted on January 20, 2009 9:58 AM
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