Will Fiat Deal Save Chrysler?
The perennially-troubled Chrysler LLC will form a new “global strategic alliance” with the Italian automaker that often has words like “weak,” and “troubled,,” associated with its own name, Fiat s.P.a....
View ArticleDear Employee (or Have You Been Fired Yet?)
A letter from "Bob," Nardelli, that is. We at Chrysler LLC recognize that the current economic and industry environment is extremely difficult. We don’t underestimate the challenges ahead. I would like...
View ArticleFederal Money Off-Limits for Fiat, Says Nardelli
Fiat won’t be able to touch any of the “bailout” loan money provided by the U.S. government if it decides to move forward with its alliance with Chrysler LLC, says Chrysler Chairman Robert Nardelli. In...
View ArticleObama Administration Spares Nardelli from Sacking
The Obama White House appears to have cleared away some of the barriers to a deal between Chrysler and the Italian carmaker. A green light for the Fiat deal was near the top Chrysler’s wish list when...
View ArticleTreasury Adds Capital to GMAC Financial Services
GMAC is an example of how tangled financial engineering becomes when debt, leverage and inadequate reserves are employed. On November 30, 2006, GM sold a 51% controlling interest in GMAC to a...
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