This "agreement" is just another part of the recent "Bush/Cheney Revisionist History Farewell Tour." It was created to fail, just as long as that failure didn't happen while Bush was still president.
It's always nice to own part of any failing automotive giant from the last century, if the companies are still not viable three, six or even twelve months from now, what will taxpayers' ownership be worth?
Now that they have our attention, the Detroit Three, in plans submitted to Congress Tuesday, increased their appeals for federal loans from $25 billion to $34 billion.
It wasn't hard to predict the demise of the "Hemi hybrid," but the end came a lot faster than expected. They should have given them a full year of production before, literally, pulling the plug.
The automaker said that it would offer buyout and early retirement packages in the next two weeks and that layoffs would follow in December. As many a...
Chrysler Chief Robert Nardelli visited with Michael Eisner on CNBC's "Conversations With Michael Eisner" to talk about futuristic cars, hybrids, the f...
Should Chrysler, or two of the car-makers or even all three go bust, then, this time, the American people will pay the price, both literally and figuratively.
Everyone figured changes were coming when Cerberus bought Chrysler and put former GE executive Bob Nardelli in charge last August. But no one could ha...
Chrysler LLC is on track to lose $1.6 billion this year, Chief Executive Robert Nardelli told a group of employees this week, people familiar with the...
Robert L. Nardelli, the new Chrysler chief executive, has tried hard to sound like a "car guy" from the moment he landed in Detroit. He boasted at his...