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Tag Archives: chrysler fiat
Detroit Lobbyist John Bozzella Joins Offshore Auto Trade Group
Private equity firm Cerberus placed a large bet during Bozella’s Chrysler tenure by buying controlling interest in Chrysler from Daimler. Prior to that, it bought 51% ownership of GMAC, the financing arm of General Motors. These bets ultimately failed when Chrysler entered bankruptcy in 2009. Both GMAC and GM went into bankruptcy as well. Continue reading
Posted in people
Tagged autoinformed, autoinformed.com, bailouts, cerberus, chrysler fiat, Ken Zino, nardelli
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Chrysler IPO Filing this Week
The UAW says the stock is worth $10.3 billion; Fiat says it is worth $4.2 billion. Fiat, of course, saved Chrysler from oblivion in 2009 as part of a controversial U.S. Treasury financed bankruptcy proceeding that essentially handed over Chrysler to Fiat for Fiat’s promise to save UAW jobs and reinvest in the company, but no cash. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, chrysler fiat, Ken Zino, uaw, veba
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Revised Fiat Management Structure Subsumes Chrysler. Fiat Executives Dominate Newly Formed Group Executive Council
Both the management of Fiat Automobiles and Chrysler will be merged on September 1 under a plan that creates a Group Executive Council dominated by Fiat executives. Continue reading
Chrysler Group November 2010 U.S. Sales Up 17%
Chrysler Group today reported U.S. sales of 74,152, a 17% increase compared with sales in November 2009 (63,560 units). Year-to-date the Group is at 984,509 units, of which 714,566 are trucks. November represents the eighth consecutive month of year-over-year sales … Continue reading
