CEOWORLD Magazine (Free subscription) | 28/11/2008
Chrysler is prepared to meet “accountability and viability” criteria requested by Congress as a condition for considering a government bailout for the auto industry, Chief Executive Bob Nardelli said in a memo to employees. Dear Employees, As the automotive industry continues to be a topic of hot political news from Washington, I want to bring you up [...]
Detroit Free Press (Free subscription) | 26/11/2008
Chrysler CEO Bob Nardelli told workers late Tuesday to expect more information next month on how the struggling automaker will reorganize "to adapt to its new realities."
TODAY ON ROADST3R - Car STORIES (Free subscription) | yesterday
Chrysler CEO Bob Nardelli was the only auto exec who readily offered to work for a buck if it meant securing federal aid from Congress in the form of bridge loans. Ford CEO Alan Mulally famously told the politicians sitting before him, "I think I'm OK where I am." We would be OK too with the tens of...
Straightline (Free subscription) | yesterday
Alan Mulally will be driving a Ford Escape hybrid, and GM's Rick Wagoner will be driving a Chevy Malibu hybrid to Washington for Round Two of their epic sales pitch to drum up resources from Congress. No word yet on how Chrysler's Bob Nardelli or the UAW's Ron Gettlefinger will be arriving. Full story here and here . On a related note , GM is canceling their corporate jet service as of the...
eGMCarTech (Free subscription) | yesterday
Let’s talk about Mulally while he’s on his way to D.C. in his Ford Escape Hybrid. Following Chrysler LLC Bob Nardelli’s move, the FoMoCo CEO has agreed to cut his annual salary to $1 to win congressional support for federal aid to automakers. The move comes after Congress criticized the high pay packages for auto [...]
TODAY ON ROADST3R - Car STORIES (Free subscription) | yesterday
If I get to talk to Ford CEO Alan Mulally in the next week or so, I want to know what our readers would like to ask him if they had the chance. Mulally will face Congress again this week on Thursday and Friday along with GM CEO Rick Wagoner and Chrysler CEO Bob Nardelli. As I sat in last month's hearings,...
eGMCarTech (Free subscription) | 7 hours ago
Chrysler’s CEO Bob Nardelli told stakeholders today that he will ask Congress for a $7 billion in bridge loan by Dec. 31 to help the automaker make it through the tough industry conditions. He said that the company will have only $2.5 billion cash on hand by the end of 2008 and that the loan [...]
Driive (Free subscription) | yesterday
Filed under: Government/Legal , Ford , GM , Earnings/Financials Chrysler CEO Bob Nardelli was the only auto exec who readily offered to work for a buck if it meant securing federal aid from Congress in the form of bridge loans. Ford CEO Alan Mulally famously told the politicians sitting before him, "I think I'm OK where I am." We would be OK too with the tens of millions of dollars that Mulally...
The Curious Capitalist (Free subscription) | yesterday
Alan Mullaly will be driving in a Ford Escape hybrid. Rick Wagoner will travel in a Chevy Malibu hybrid. Bob Nardelli hasn't figured out how he'll get there yet, but taking a private jet is out of the question. It's not quite carpooling in a minivan, as I suggested they do a couple weeks ago, [...]
Driive (Free subscription) | yesterday
Filed under: Government/Legal , Ford It seems the entire world is still debating whether or not Rick Wagoner, Alan Mulally and Bob Nardelli should have carpooled, walked or taken the bus for their last trip to the Capitol, but that's all behind us now. The good news for those who like to play expert on the internet is that Detroit's got another date with Congress this week. Ford CEO Alan Mulally...
BusinessWeek Online -- Auto Beat (Free subscription) | yesterday
If I get to talk to Ford CEO Alan Mulally in the next week or so, I want to know what our readers would like to ask him if they had the chance. Mulally will face Congress again this week on Thursday and Friday along with GM CEO Rick Wagoner and Chrysler CEO Bob Nardelli. As I sat in last month's hearings, I found a lot of the questions from our elected officials lacked informed perspective...
Church of the Customer Blog (Free subscription) | yesterday
Detroit is finally showing it's a bit smarter in how it asks for bailout money. Instead of traveling by corporate jet, GM CEO Rick Wagoner will drive a Malibu hybrid for the 520-mile trek from Detroit to Capitol Hill; Ford CEO Alan Mulally will drive an Escape hybrid. The travel plans of General Bob Nardelli of Chrysler are secret for...
Time (Free subscription) | 2 hours ago
The Detroit Three's Business PlansScheduled to be delivered to the Senate Committee on Banking, Housing, and Urban Affairs on Dec. 4, 2008The Gist:When CEO's Bob Nardelli (Chrysler), Alan Mullaly (Ford), and Rick Wagoner (GM) appeared before Congress late last month in search of a bailout, they were basically told, "Get the hell out of here until you have detailed plans to get your industry...
Law Blog - WSJ.com (Free subscription) | 7 hours ago
In his testimony before Congress later this week, Chrysler Chief Executive Bob Nardelli will suggest that part of the $25 billion energy-security fund be put into this new entity, rather than having each of the Big Three try to develop the same critical component. "Then each company would take the technology and add its own branding and styling" and other features for its own models, a Chrysler...
The Telegraph (Free subscription) | 8 hours ago
By James Quinn, Wall Street CorrespondentLast Updated: 11:43PM GMT 02 Dec 2008 Ford Verve sedan on display at the motor show in Detroit in January. Photo: AP Ford chief executive Alan Mulally and GM chairman Rick Wagoner submitted detailed business plans, alongside Chrysler chief Bob Nardelli, to the US Congress asking for the money, which will be used to restructure their businesses with the...
