Entries tagged "Bob Nardelli"
A look at some of the must-read news for Wednesday.
Chrysler CEO Robert Nardelli is familiar with the heat that hedge funds can place on management, but he still failed to avoid trouble the second time around.
Congressional Democrats sent letters to the heads of Chrysler and GM, urging them to describe specifically how they will position their companies to become competitive.
In the year since Cerberus Capital Management LP bought Chrysler LLC, auto industry watchers have been waiting to see what fresh ideas private equity ownership might inject into the struggling company. Watchers got their wish on Thursday, but the talk of outsourced manufacturing and stronger partnerships is resulting in considerable head-scratching instead of awe....
