BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Fiat's Natural Gas vs. GM and Toyota's Electric Car]]>http://www.bloggingstocks.com/2010/12/02/fiats-natural-gas-vs-gm-and-toyotas-electric/http://www.bloggingstocks.com/2010/12/02/fiats-natural-gas-vs-gm-and-toyotas-electric/http://www.bloggingstocks.com/2010/12/02/fiats-natural-gas-vs-gm-and-toyotas-electric/#commentsFiled under: , , , ,

Fiat logoSergio Marchionne, CEO of Chrysler, said that Chrysler plans to introduce a Fiat in the U.S. powered by natural gas. Bloomberg/Businessweek quotes Marchionne: "Natural gas engines offer a better way to cut emissions because they are cheaper than competing technologies."

Fiat is the leader in Europe in natural gas engines with 80% share of methane powered cars and 55% of light commercial vehicles. Alfredo Altavilla, quoted in Bloomberg/Businessweek said natural gas is a "more affordable solution" as it is less expensive to produce transport and distribute compared with other fuel sources.

Continue reading Fiat's Natural Gas vs. GM and Toyota's Electric Car

Fiat's Natural Gas vs. GM and Toyota's Electric Car originally appeared on BloggingStocks on Thu, 02 Dec 2010 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chryslerelectric carselectric vehiclesFiatGeneral MotorsGMgreen vehiclesHMCHondainthenewsnatural gas vehiclesSergio MarchionneTMToyotaThu, 02 Dec 2010 12:30:00 EST<![CDATA[Auto Sales Stumbled in September]]>http://www.bloggingstocks.com/2010/10/03/auto-sales-down-in-september/http://www.bloggingstocks.com/2010/10/03/auto-sales-down-in-september/http://www.bloggingstocks.com/2010/10/03/auto-sales-down-in-september/#commentsFiled under: , , , ,

auto salesSales for most major auto makers were down in September from August, as reported by MSNBC. Ford (F) was the standout with sales up 2%. Here are the numbers for the other companies:

  • General Motors (GM) sales declined 3%.
  • Chrysler was up less than 1%.
  • Toyota (TM) fell less than 1%.
  • Nissan (NSANY) was down 3%.

Continue reading Auto Sales Stumbled in September

Auto Sales Stumbled in September originally appeared on BloggingStocks on Sun, 03 Oct 2010 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>auto industryauto salesauto sales down in SeptemberChryslerChrysler salesFordFord salesGeneral MotorsGMGM salesHMCHondaHonda salesinthenewsNissanNissan salesNSANYTMToyotaToyota salesSun, 03 Oct 2010 10:40:00 EST<![CDATA[Chrysler Recalls 600,000 Vehicles]]>http://www.bloggingstocks.com/2010/06/07/chrysler-recalls-600-000-vehicles/http://www.bloggingstocks.com/2010/06/07/chrysler-recalls-600-000-vehicles/http://www.bloggingstocks.com/2010/06/07/chrysler-recalls-600-000-vehicles/#commentsFiled under: , , ,

ChryslerChrysler Group announced that it has issued a recall for 600,000 vehicles today for a range of safety concerns.

The company announced that the recall was in light of concerns including faulty brakes, sticky accelerators, and electrical fires. Today's reports come as drivers are already dealing with safety concerns stemming from the massive recalls Toyota has been forced to issue over the past year.

Continue reading Chrysler Recalls 600,000 Vehicles

Chrysler Recalls 600,000 Vehicles originally appeared on BloggingStocks on Mon, 07 Jun 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>autosChryslerCTSfeaturedinthenewsJeepsMinivansrecallssafetysticky accelerator pedalsTMToyotaMon, 07 Jun 2010 18:00:00 EST<![CDATA[A Dark Side to Obama's Higher Fuel Effciency?]]>http://www.bloggingstocks.com/2010/05/21/a-dark-side-to-obamas-higher-fuel-effciency/http://www.bloggingstocks.com/2010/05/21/a-dark-side-to-obamas-higher-fuel-effciency/http://www.bloggingstocks.com/2010/05/21/a-dark-side-to-obamas-higher-fuel-effciency/#commentsFiled under: , , ,

President Obama is expected to issue an executive order to raise fuels standards for light trucks. Rather than wait for Congress to hash out the issue, Obama is using his executive power to raise the fuel efficiency standards and cut CO2 emissions by cars and light trucks beyond current requirements.

Issuing an executive order to raise fuel efficiency is easy; implementation is going to be the tough part. As General Motors, Ford (F) and Chrysler strive to implement new fuel efficiency standards, there are many tough decisions they will have to make.

Continue reading A Dark Side to Obama's Higher Fuel Effciency?

A Dark Side to Obama's Higher Fuel Effciency? originally appeared on BloggingStocks on Fri, 21 May 2010 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>carschryslerepaexecutive ordersfuel economyGeneralMotorsgminthenewsobamaFri, 21 May 2010 15:00:00 EST<![CDATA[Why Not Target General Motors and Chrysler with Bailout Tax?]]>http://www.bloggingstocks.com/2010/01/14/why-not-target-general-motors-and-chrysler-with-bailout-tax/http://www.bloggingstocks.com/2010/01/14/why-not-target-general-motors-and-chrysler-with-bailout-tax/http://www.bloggingstocks.com/2010/01/14/why-not-target-general-motors-and-chrysler-with-bailout-tax/#commentsFiled under: , ,

The Obama administration is announcing plans to impose a "financial crisis responsibility fee" on large banks that received TARP money.

The tax will seek to raise $90 billion to cover expected losses on TARP, and will be levied only on large institutions: about 50 companies will have to pay it.

Continue reading Why Not Target General Motors and Chrysler with Bailout Tax?

Why Not Target General Motors and Chrysler with Bailout Tax? originally appeared on BloggingStocks on Thu, 14 Jan 2010 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGAmerican International Groupbailout taxBen WallaceChryslerfeaturedGeneral MotorsGMinthenewsTARPThu, 14 Jan 2010 13:30:00 EST<![CDATA[Automakers Will Try to Put the Past Behind Them at Detroit Auto Show]]>http://www.bloggingstocks.com/2010/01/10/automakers-will-try-to-put-the-past-behind-them-at-detroit-auto/http://www.bloggingstocks.com/2010/01/10/automakers-will-try-to-put-the-past-behind-them-at-detroit-auto/http://www.bloggingstocks.com/2010/01/10/automakers-will-try-to-put-the-past-behind-them-at-detroit-auto/#commentsFiled under: , , , ,

At this coming week's 2010 North American International Auto Show, automakers are expected to try to put the dismal past year behind them and move on to whatever futures await.

Two of the U.S. auto industry's largest and oldest players, GM and Chrysler, tumbled into bankruptcy last year and required a handout from from the federal government to save them from liquidation. Was it worth it? Investors, analysts, and car enthusiasts will be looking for answers this week.

Continue reading Automakers Will Try to Put the Past Behind Them at Detroit Auto Show

Automakers Will Try to Put the Past Behind Them at Detroit Auto Show originally appeared on BloggingStocks on Sun, 10 Jan 2010 16:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AveoCadillacCamaroChevroletChevy CruzeChevy VoltChryslerFordFord FocusFord MustangGeneral MotorsGMhybrid vehiclesHyundaiinthenewsNancy PelosiNorth American International Auto ShowTea Party protestorsTMToyotaSun, 10 Jan 2010 16:10:00 EST<![CDATA[Auto Sales Surge in December, Capping Dismal Year]]>http://www.bloggingstocks.com/2010/01/06/auto-sales-surge-in-december-capping-dismal-year/http://www.bloggingstocks.com/2010/01/06/auto-sales-surge-in-december-capping-dismal-year/http://www.bloggingstocks.com/2010/01/06/auto-sales-surge-in-december-capping-dismal-year/#commentsFiled under: , ,

The auto industry probably doesn't want to look back on 2009. Ignore the rearview mirror; put it in drive and move forward. At least the dismal year ended on a high note. Despite a total sales decline of 21.2%, to 10.4 million units, the industry gets to celebrate a 15.1% increase in sales for the month of December, according to Autodata.

For the Detroit crowd, Ford (F) led the pack, with December sales up almost a third. General Motors (GRM) ticked 5.7% higher, with Chrysler up 3.7% for the month.

Continue reading Auto Sales Surge in December, Capping Dismal Year

Auto Sales Surge in December, Capping Dismal Year originally appeared on BloggingStocks on Wed, 06 Jan 2010 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>autoauto industryautomakerschryslerfeaturedfordFord Motor Co.general motorsGeneral Motors Corp.gmhmchondaHyundaiinthenewsnissannsanytmtoyotaWed, 06 Jan 2010 09:30:00 EST<![CDATA[Why are GM and Chrysler shutting down dealerships for no reason?]]>http://www.bloggingstocks.com/2009/12/15/why-are-gm-and-chrysler-shutting-down-dealerships-for-no-reason/http://www.bloggingstocks.com/2009/12/15/why-are-gm-and-chrysler-shutting-down-dealerships-for-no-reason/http://www.bloggingstocks.com/2009/12/15/why-are-gm-and-chrysler-shutting-down-dealerships-for-no-reason/#commentsFiled under: ,

In an almost unprecedented case of federal bureaucratic meddling in what should be business decisions, GM and Chrysler have agreed to set up an "appeals" process to give dumped dealerships a chance to plead their case for retaining their franchises.

GM and Chrysler came under intense pressure from Congress when they announced plans to close dealerships, largely because the National Automobile Dealers Association is one of the most powerful lobbying groups in the country.

Continue reading Why are GM and Chrysler shutting down dealerships for no reason?

Why are GM and Chrysler shutting down dealerships for no reason? originally appeared on BloggingStocks on Tue, 15 Dec 2009 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>auto industryAutoIndustrycar dealersCarDealerschryslergmnadaTue, 15 Dec 2009 17:00:00 EST<![CDATA[GM executives have their pay cut by the government]]>http://www.bloggingstocks.com/2009/10/23/gm-executives-have-their-pay-cut-by-the-government/http://www.bloggingstocks.com/2009/10/23/gm-executives-have-their-pay-cut-by-the-government/http://www.bloggingstocks.com/2009/10/23/gm-executives-have-their-pay-cut-by-the-government/#commentsFiled under: ,

The five most senior General Motors (NYSE: GRM) executives, along with the 20 next highest-paid employees, are going to see their cash compensation fall $3.9 million (31%) on a year-over-year basis.

The decision was made by the "independent master" that was appointed to set pay and stock levels for those in charge of companies that have received a majority of the funding from the federal government. GM is not on its own, as top execs at GMAC (the company's financing arm) and Chrysler will see their compensation cut as well.

Continue reading GM executives have their pay cut by the government

GM executives have their pay cut by the government originally appeared on BloggingStocks on Fri, 23 Oct 2009 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chryslerexecutive payfeaturedFritz Hendersongeneral motorsGMGMACinthenewspay czarpay regulationFri, 23 Oct 2009 11:30:00 EST<![CDATA[A123 Systems: From the lab to a mega IPO]]>http://www.bloggingstocks.com/2009/09/24/a123-systems-from-the-lab-to-a-mega-ipo/http://www.bloggingstocks.com/2009/09/24/a123-systems-from-the-lab-to-a-mega-ipo/http://www.bloggingstocks.com/2009/09/24/a123-systems-from-the-lab-to-a-mega-ipo/#commentsFiled under: ,

A123 Systems (NASDAQ: AONE) got its start back in 2001 in Dr. Yet-Ming Chiang's laboratory in MIT. Along with two others -- Gilbert N. Riley, Jr., and Ric Fulop -- he saw a huge opportunity to build new battery technology. While it took six years to hit the market, it was well worth the effort.

Today, A123 launched its IPO (here's a profile on the deal). The company sold 28.1 million shares at $13.50 each. With this slug of capital, A123 can continue to build out its operations and capitalize on the growth opportunities.

Continue reading A123 Systems: From the lab to a mega IPO

A123 Systems: From the lab to a mega IPO originally appeared on BloggingStocks on Thu, 24 Sep 2009 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>A123 SystemsAONEChryslerGMinthenewsIPOslithium batteriesThu, 24 Sep 2009 13:00:00 EST<![CDATA[Chrysler releases five-year plan]]>http://www.bloggingstocks.com/2009/09/16/chryslers-five-year-plan/http://www.bloggingstocks.com/2009/09/16/chryslers-five-year-plan/http://www.bloggingstocks.com/2009/09/16/chryslers-five-year-plan/#commentsFiled under: , , ,

On Wednesday, Chrysler CEO Sergio Marchionne announced that he has designed a five-year plan for the automaker (Wall Street Journal, subscription required). Marchionne believes the restructuring will be slow initially, but should improve "significantly" next year.

We should receive the plan by the end of November, and Chrysler will start reporting its quarterly results by the end of the year. Marchionne stated, "We are going to become a normal reporter in the U.S. hopefully by the end of 2009. ... You will see numbers like you see for everyone else." One can only assume that this is one of the "whole pile of surprises" Marchionne promised back in June when Fiat took over Chrysler.

Continue reading Chrysler releases five-year plan

Chrysler releases five-year plan originally appeared on BloggingStocks on Wed, 16 Sep 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>automakerautomakerschryslerfiatinthenewsSergio MarchionneWed, 16 Sep 2009 11:40:00 EST<![CDATA[GM insists it will repay taxpayer funds -- oh, really?]]>http://www.bloggingstocks.com/2009/09/10/gm-insists-it-will-repay-taxpayer-funds-oh-really/http://www.bloggingstocks.com/2009/09/10/gm-insists-it-will-repay-taxpayer-funds-oh-really/http://www.bloggingstocks.com/2009/09/10/gm-insists-it-will-repay-taxpayer-funds-oh-really/#commentsFiled under: ,

The Congressional Oversight Panel reported on Wednesday that most of the $23 billion in taxpayer funds provided to General Motors and Chrysler is unlikely to be repaid. The Congressional Budget Office estimated in June that taxpayers would lose $40 billion of the first $55 billion provided to the auto industry.

The Treasury Department acknowledges that most of the $23 billion provided by the Bush Administration is likely gone forever, but added that there is a "reasonably high probability of the return of most or all of the government funding" provided by the Obama administration.

Continue reading GM insists it will repay taxpayer funds -- oh, really?

GM insists it will repay taxpayer funds -- oh, really? originally appeared on BloggingStocks on Thu, 10 Sep 2009 12:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bailoutsCBOChryslerfeaturedGeneral MotorsGMGreg MartininthenewsTreasury DepartmentThu, 10 Sep 2009 12:50:00 EST<![CDATA[Are the bailouts making taxpayers rich? Not so fast]]>http://www.bloggingstocks.com/2009/09/02/are-the-bailouts-making-taxpayers-rich-not-so-fast/http://www.bloggingstocks.com/2009/09/02/are-the-bailouts-making-taxpayers-rich-not-so-fast/http://www.bloggingstocks.com/2009/09/02/are-the-bailouts-making-taxpayers-rich-not-so-fast/#commentsFiled under:

Bailout coverage has taken on a celebratory tone in recent days as a slew of banks including Goldman Sachs (NYSE: GS) have repaid TARP money, leaving taxpayers with what looks like a handy profit. In addition, equity stakes in Citigroup (NYSE: C) and Bank of America (NYSE: BAC) are sitting on a handsome paper profit.

The only problem is that hundreds of banks have received TARP money. Of course, the most healthy ones are paying it back quickly. The rest are still in limbo, and the result is that the Treasury Department is realizing plenty of gains while all the losses -- investments in companies like American International Group (NYSE: AIG), General Motors, and Chrysler -- remain unrealized and largely ignored.

Continue reading Are the bailouts making taxpayers rich? Not so fast

Are the bailouts making taxpayers rich? Not so fast originally appeared on BloggingStocks on Wed, 02 Sep 2009 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGBACBailoutsBank of AmericaChryslerCitigroupGeneral MotorsGoldman SachsGSinthenewsTARPWed, 02 Sep 2009 12:20:00 EST<![CDATA[With Cash for Clunkers gone, where does the auto industry go now?]]>http://www.bloggingstocks.com/2009/08/25/with-cash-for-clunkers-gone-where-does-the-auto-industry-go-now/http://www.bloggingstocks.com/2009/08/25/with-cash-for-clunkers-gone-where-does-the-auto-industry-go-now/http://www.bloggingstocks.com/2009/08/25/with-cash-for-clunkers-gone-where-does-the-auto-industry-go-now/#commentsFiled under: ,

Now that Cash For Clunkers is over, the auto industry has a problem: Where will car sales come from now?

Everyone who had an old car and wanted a new one took advantage of the Cash For Clunkers plan -- who is going to go buy a new car the day after the government stopped paying people $4,500 to buy cars?

J.D. Power and Associates reduced its 2010 sales forecast to 11.5 million units from 11.6 million -- citing the impact of Cash For Clunkers. In other words, a big part of what Cash For Clunkers did was borrow sales from the future and front-load them, and now there's nowhere to go for car sales now.

Continue reading With Cash for Clunkers gone, where does the auto industry go now?

With Cash for Clunkers gone, where does the auto industry go now? originally appeared on BloggingStocks on Tue, 25 Aug 2009 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Auto IndustryAutoIndustryCash for ClunkersCashForClunkersChryslerGeneral MotorsGeneralMotorsTue, 25 Aug 2009 15:00:00 EST<![CDATA[General Motors comes to dealers rescue]]>http://www.bloggingstocks.com/2009/08/20/general-motors-comes-to-dealers-rescue/http://www.bloggingstocks.com/2009/08/20/general-motors-comes-to-dealers-rescue/http://www.bloggingstocks.com/2009/08/20/general-motors-comes-to-dealers-rescue/#commentsFiled under: , , , , ,

General Motors Cash for ClunkersAs we noted yesterday, a lot of auto dealers have decided to pull out of the popular "cash for clunkers" program. This comes as a result of lack of payment by the government, and today General Motors said that it will start to advance dealers the cash that they are due from the government related to the program.

Today's announcement by General Motors marks a change in company policy, which had earlier stated that it was not in a position to come to the aid of its dealers.

Continue reading General Motors comes to dealers rescue

General Motors comes to dealers rescue originally appeared on BloggingStocks on Thu, 20 Aug 2009 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>auto dealersAutoDealersautoscar lotsCarLotscash for clunkersCashForClunkersChryslerdealersFfeaturedFordGeneral MotorsGeneralMotorsGMHMCHondainthenewstransportationThu, 20 Aug 2009 16:30:00 EST<![CDATA[Ford boosts fourth quarter production]]>http://www.bloggingstocks.com/2009/08/13/ford-f-boosts-fourth-quarter-production/http://www.bloggingstocks.com/2009/08/13/ford-f-boosts-fourth-quarter-production/http://www.bloggingstocks.com/2009/08/13/ford-f-boosts-fourth-quarter-production/#commentsFiled under: , , , , , , , ,

Ford boosts fourth quarter productionWith so many people rushing out to take advantage of the "cash for clunkers" program, American auto maker Ford Motor (NYSE: F) has announced that it will be significantly boosting fourth quarter production.

There has been a lot of debate over whether or not the "cash for clunkers" program is good for the economy, but there is little debate as to its popularity. The program offers up to a $4,500 incentive for people exchanging their old gas guzzlers in for newer, more fuel efficient vehicles, and has been much more popular than anyone could have imagined.

Continue reading Ford boosts fourth quarter production

Ford boosts fourth quarter production originally appeared on BloggingStocks on Thu, 13 Aug 2009 15:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>autoscar dealersCarDealerscarscash for clunkersCashForClunkersChryslerFord focusFordFocusGeneral MotorsGeneralMotorsinthenewsused carsUsedCarsThu, 13 Aug 2009 15:20:00 EST<![CDATA[Chrysler: Anatomy of a private equity implosion]]>http://www.bloggingstocks.com/2009/08/10/chrysler-anatomy-of-a-private-equity-implosion/http://www.bloggingstocks.com/2009/08/10/chrysler-anatomy-of-a-private-equity-implosion/http://www.bloggingstocks.com/2009/08/10/chrysler-anatomy-of-a-private-equity-implosion/#commentsFiled under:

Steve Feinberg made a fortune in distressed investing during the early 1990s. So, when the financial system fell to pieces over the past couple years, it should have boon for his private equity firm, Cerberus.

Not this time. In fact, the New York Times has an extensive piece on the topic, covering Feinberg's folly on the buyout of Chrysler.

Yes, the deal was struck about two years ago, when the private equity market had reached its peak. Debt was easy to get. And, Feinberg thought that there would be lots of opportunities to slash costs (which is easier when a company is private).

Continue reading Chrysler: Anatomy of a private equity implosion

Chrysler: Anatomy of a private equity implosion originally appeared on BloggingStocks on Mon, 10 Aug 2009 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CerberuschryslerMon, 10 Aug 2009 13:00:00 EST<![CDATA[Ford ramps up U.S. production as competitors recover from bankruptcy]]>http://www.bloggingstocks.com/2009/07/07/ford-ramps-up-u-s-production-as-competitors-recover-from-bankru/http://www.bloggingstocks.com/2009/07/07/ford-ramps-up-u-s-production-as-competitors-recover-from-bankru/http://www.bloggingstocks.com/2009/07/07/ford-ramps-up-u-s-production-as-competitors-recover-from-bankru/#commentsFiled under: ,

The domestic automakers have all but given up and declared bankruptcy in an effort to survive in some form. Chrysler is about through its process, and GM is well on its way to becoming a completely new company. The standout: Ford Motor Co. (NYSE: F).

Ford is not only doing much better than the competition (and has been for a few years now), but it's actually increasing auto production while the bankrupt competitors are having a hard time getting rid of old inventory and shutting down dealers.

Continue reading Ford ramps up U.S. production as competitors recover from bankruptcy

Ford ramps up U.S. production as competitors recover from bankruptcy originally appeared on BloggingStocks on Tue, 07 Jul 2009 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Alan MulallyAlanMulallyChryslerFFord MotorFord U.S. productionFordMotorFordU.s.ProductionGeneral MotorsGeneralMotorsinthenewsTue, 07 Jul 2009 09:30:00 EST<![CDATA[Lee Iacocca suggests Chrysler return the government loan soon]]>http://www.bloggingstocks.com/2009/06/22/lee-iacocca-suggests-chrysler-return-the-government-loan-soon/http://www.bloggingstocks.com/2009/06/22/lee-iacocca-suggests-chrysler-return-the-government-loan-soon/http://www.bloggingstocks.com/2009/06/22/lee-iacocca-suggests-chrysler-return-the-government-loan-soon/#commentsFiled under: ,

Former Chrysler CEO Lee Iacocca has decided to weigh in on the current situation at his former employer, when interviewed by the Associated Press. Iacocca believes that the automaker needs to get the government out of the business as soon as possible, noting that government intervention is "strong motivation to repay the loan early." Iacocca added that the government "oversight is just too extreme." He reminded readers how Chrysler repaid the previous ten year loan from the government in three.

Chrysler and General Motors (OTC: GMGMQ) are have both received billions of dollars in government loans. Chrysler has recently exited bankruptcy protection, while GM remains in Chapter 11. The Treasury Department's auto task force has already made its presence felt, forcing out both CEOs and is reshaping their boards.

Continue reading Lee Iacocca suggests Chrysler return the government loan soon

Lee Iacocca suggests Chrysler return the government loan soon originally appeared on BloggingStocks on Mon, 22 Jun 2009 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>automaker bailoutautormakersChryslerfFiatFordGeneral MotorsgmgmgmqinthenewsLee IacoccaSergio MarchionneMon, 22 Jun 2009 10:20:00 EST<![CDATA[Marchionne sets new work ethic for Chrysler]]>http://www.bloggingstocks.com/2009/06/14/marchionne-sets-new-work-ethic-for-chrysler/http://www.bloggingstocks.com/2009/06/14/marchionne-sets-new-work-ethic-for-chrysler/http://www.bloggingstocks.com/2009/06/14/marchionne-sets-new-work-ethic-for-chrysler/#commentsFiled under: , ,

There's new boss at Chrysler, and his name is Sergio Marchionne. On the job just a few days, Mr. Marchionne has shown that he plans to run a tight ship at Chrysler. His first move was to appoint powerful divisional heads with profit and loss accountability.

He has initiated a top-to-bottom shake-up, naming 23 executives who will report directly to him. Some of the 23 are from Fiat and others were promoted within Chrysler.

Continue reading Marchionne sets new work ethic for Chrysler

Marchionne sets new work ethic for Chrysler originally appeared on BloggingStocks on Sun, 14 Jun 2009 11:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>auto dealersChryslerChrysler buildingDaimlerFiatmanagement styleSergio MarchionneSun, 14 Jun 2009 11:40:00 EST