LLC.
GM’s Wagoner heading to Congress in Malibu Hybrid
While it won’t get him there as quickly (or as luxuriously) as a Gulfstream corporate jet, GM CEO Rick Wagoner will drive to Washington this week in a Chevrolet Malibu hybrid to ask for taxpayer-funded bridge loans. Last month, Wagoner, Ford CEO Alan Mulally and Chrysler LLC CEO Robert Nardelli, all received some serious flak [...]
Popularity: 1% [?]
2Dec2008 | BlueFox | 0 comments | Continued
Next-gen Chrysler 300/Dodge Charger to beat CAFE standards, get 8-speed auto
It’s pretty obvious at this point that Cerberus doesn’t want to keep Chrysler, and turbulent economic realities have scuttled what few available prospects there would have been for new ownership. Some have openly wondered whether team Pentastar is even working on new products at all. Product development VP Frank Klegon insists that new Chrysler, Dodge [...]
Popularity: 1% [?]
2Dec2008 | BlueFox | 0 comments | Continued
Garage: 2009 Dodge Challenger R/T
For all the problems it faces, Chrysler has to be happy with this: the Dodge Challenger rollout has gone about as well as anyone could have hoped. Everyone wanted this car to happen from the moment it appeared as a concept back in 2006. Back then, the S197 Mustang was still new and demonstrating that [...]
Popularity: 1% [?]
2Dec2008 | BlueFox | 0 comments | Continued
Chrysler hasn’t killed future product plans… yet
As you’d imagine, it’s pretty tough to run a successful auto company if there’s no viable product in the pipeline. Chrysler has seen its fair share of negative press for not announcing a clear strategy to rebuild the heart of its line-up, namely the Chrysler Sebring and the Dodge Avenger, and it’s unclear how much [...]
Popularity: 1% [?]
1Dec2008 | BlueFox | 0 comments | Continued
UAW considers dropping “job bank” for idled workers
As you read this, there are about 3,000 unionized workers — down from about 15,000 two years ago — employed by the Detroit 3 getting paid, despite the fact that they aren’t working. While it’s nice for America’s automakers to have access to a talent-pool of available workers, it’s also a major financial drain on [...]
Popularity: 1% [?]
1Dec2008 | BlueFox | 0 comments | Continued
Porsche head predicts a hedge fund will swallow GM or Ford
Little guy Porsche is taking huge swings, and not just at the giant that is Volkswagen. Porsche head Wendelin Wiedeking had fierce Teutonic words for General Motors and Ford, and banks. His Rindfleisch – beef, that is – with U.S. automakers is that, through unsound practices, they have thrown absolutely everything into turmoil. In the [...]
Popularity: 1% [?]
1Dec2008 | BlueFox | 0 comments | Continued
UAW wants executive pay to be limited
The president of the United Auto Workers union, Ron Gettelfinger, said in a recent CNN interview that U.S. automakers need to tell Congress they will limit corporate pay, bonuses and severance packages in return for more government loans. Gettelfinger also said that the Detroit Three only need the loans to hold them over during these [...]
Popularity: 1% [?]
1Dec2008 | BlueFox | 0 comments | Continued
Detroit to DC caravan cancelled
Remember the growing movement to caravan a few hundred of Detroit’s most fuel efficient vehicles to the automaker’s next meeting with Congress? Not happening. Interestingly, it wasn’t for lack of support. In fact, it was just the opposite. So many people had voiced their support and announced their intentions to join in that the event’s [...]
Popularity: 2% [?]
29Nov2008 | BlueFox | 0 comments | Continued
Cerberus making big demands for remaining stake in Chrysler
Daimler has already admitted that its 19.9% share in Chrysler is worth absolutely zero as far as its corporate balance sheets are concerned, but that’s not stopping Cerberus from going after that remaining bit as it tries to become the sole owner of the beleaguered American automaker. Without full control of Chrysler, Cerberus would have [...]
Popularity: 1% [?]
26Nov2008 | BlueFox | 0 comments | Continued
Detroit supplier organizing March of Green Vehicles to Washington
Bad idea: Detroit 3 CEOs showing up for a Congressional hearing to beg for money in private jets. Good idea: said CEOs showing up at Congress’ curb in their respective company’s greenest vehicles. Just such a caravan has been proposed by Tim Leuliette, CEO of supplier Dura Automotive Systems Inc., and it’s gaining steam. The [...]
Popularity: 2% [?]
26Nov2008 | BlueFox | 0 comments | Continued
