BobNardelli


Officially Official: Chrysler exiting bankruptcy, Fiat steps in and makes changes immediately

Fiat now owns a big chunk of Chrysler. Officially. Soon after the Supreme Court gave it the go-ahead, the sale of Chrysler to Fiat was complete. Altogether, the deal took just 42 days. With a couple of signatures and a wire transfer Wednesday morning, the sale was official. Fiat gets most of Chrysler's assets and $6.6 billion in "exit financing" from the federal government. This can be seen as a victory of sorts for the Obama Administration, which had hoped to get Chrysler reorganized quickly and efficiently. Supporters say that the new ... Read more →

Congressional letter alleges Nardelli and Chrysler failed to disclose more lucrative offer for Viper Chris Paukert

In a letter from California Congressman Darrell Issa to Chrysler's Bob Nardelli, the Auburn Hills executive is charged with failing to disclose information regarding the sale of the Dodge Viper line. ...

Nardelli apologizes for mistakenly saying plant will remain open John Neff

There are some things about which you never want to misspeak. Your wife's birthday, your child's age and we can now add plant closings to that list. On the day Chrysler LLC filed for Chapter 11 ...

Breakdown of Chrysler's Big Day [w/POLL] John Neff

It's not often your company both files for bankruptcy and gets new owners in a single day, but that's just what happened to Chrysler today. We've had some time to digest all the details after ...

That was fast: Chrysler and Fiat agree on partnership framework of a global alliance John Neff

Not long after the President concluded his televised press conference today, Chrysler released a statement saying that it and Fiat have already reached an "agreement on a framework of a global ...

VIDEO: Chrysler's Nardelli makes case for "Why Fiat Works" 8 months ago on Autoblog

To go along with the email that was sent to Chrysler employees, CEO Bob Nardelli is now starring in his very own video where he continues to extol the virtues of a partnership with Fiat. After stating that Chrysler is clearly a viable company on a standalone basis, Nardelli goes on to say that ...

Chrysler values Fiat partnership at $10 billion 8 months ago on Autoblog

In an email to employees, Chrysler Corp. CEO Bob Nardelli has valued his company's potential partnership with Fiat at around $10 billion. That number is comprised of things like the cost of developing new vehicles that Chrysler would incur on its own, but should pocket in a tie-up with Fiat, which ...

How much does Nardelli really earn? Could be much more than $1 9 months ago on Autoblog

The president decreed that CEOs running banks that received TARP funds couldn't be paid more than $500,000 each year. Chrysler isn't a bank, yet it has received TARP funds, and its CEO, Bob Nardelli, is well under the $500,000. Or at least, he might be. During recent Congressional hearings Nardelli ...

Nardelli confirms Chrysler hard at work on new Durango, 300 and Charger 10 months ago on Autoblog

Chrysler chieftan Bob Nardelli sent a letter to "all employees, dealers, suppliers and other stakeholders" to explain what's happening at the smallest of the Detroit trio. Everything done now falls under one of three umbrellas: enhancing the core, which is improving products, quality, and dealer ...

GM gets its $4 billion, Chrysler still waiting 11 months ago on Autoblog

On Monday, December 29, Chrysler and General Motors were supposed to get the first installments of its allotted funds from the $17.4 billion dollar bridge loans. On Wednesday, GM got it's $4 billion. Chrysler, on the other hand, is still "finalizing the details of our financial assistance." The ...

One down, one to go: Detroit 3 CEOs begin House testimony 12 months ago on Autoblog

Having watched each of the Detroit 3 CEOs take tough questions from the Senate Banking Committee for six hours yesterday, we've returned to the couch today to watch General Motors CEO Rick Wagoner, Ford CEO Alan Mulally, Chrysler CEO Bob Nardelli and Ron Gettelfinger, President of the United Auto ...

Nardelli: I would sacrifice my job to save Chrysler 12 months ago on Autoblog

During today's Senate hearings of the Detroit 3 automakers, U.S. Senator Robert Bennett (R-Utah) spent much of his time on the mic talking about the cost savings that would be realized if General Motors and Chrysler LLC merged. He argued that prior talks held between the two companies has already ...

Wagoner arrives for Senate hearing in Volt mule 12 months ago on Autoblog

General Motors CEO Rick Wagoner has arrived in Washington to deliver testimony at Senate hearings scheduled for today and tomorrow, and as we reported late yesterday, his transportation this time was not a private jet, but rather a series hybrid Chevy Volt mule in the body of a Chevy Cruze. Ford ...

SNL takes on the Detroit 3 bailout 1 year ago on Autoblog

Saturday Night Live has been on a roll of late, with a string of strong skits centered around the Presidential election and the ongoing financial crisis. So it was only a matter of time before SNL took on the auto industry to task, using last week's Congressional hearings as the backdrop. As ...

Chrysler CEO Nardelli responds to GM announcing merger talks are off 1 year ago on Autoblog

Chrysler LLC just released a statement from Bob Nardelli in which the CEO responds, in a way, to General Motors' third quarter earnings report. In the report, GM acknowledged that it had "recently explored the possibility of a strategic acquisition". While not citing Chrysler by name, we all know ...

Bob Nardelli to Employees: We're cutting 25% of remaining white-collar jobs 1 year ago on Autoblog

"These are truly unimaginable times for our industry." That's how Chrysler CEO, Bob Nardelli, starts off a recent email to employees, just before dropping the bomb that the automaker intends to cut 25% of its salaried workforce beginning next month and continuing through the end of the year. ...

Email blast: Nardelli tells employees sales will worsen 1 year ago on Autoblog

Chrysler, already hurt by slow sales of its bread-and-butter pickups and SUVs, doesn't think things will improve any time soon. According to an email sent by CEO Bob Nardelli to Chrysler employees, he believes that sales will continue to spiral down the drain. So far, though, the third of the ...

Nardelli: Chrysler open to more partnerships 1 year ago on Autoblog

Last month, a major announcement was made regarding an effort between Nissan and Chrysler to share products. Specifically, Nissan will build a small car for Chrysler and receive a large truck in return. It seems as if the Pentastar brand could use some more help when it comes to offering the types ...

Chrysler won't turn a profit in 2008, but still on track to achieve goals 1 year ago on Autoblog

Despite the fact that the beleaguered automaker has not yet turned a profit since its unceremonious departure from Daimler to Cerberus, Chrysler CEO Bob Nardelli says that the company is still on track. "Through the first quarter we are still on plan relative to the pro forma and the targets we ...

New York 2008: Nardelli promises aspirational vehicles from Chrysler 1 year ago on Autoblog

We are just back from the kickoff keynote speech for the 2008 New York Auto Show and have to wonder where in the Big Apple we can score some of what Bob Nardelli is smoking. While his words sounded somewhat encouraging, they were about three months old for the most part and didn't sound terribly ...

Damage Control: Nardelli clarifies "operational bankruptcy" quote 1 year ago on Autoblog

Chrysler LLC CEO Bob Nardelli learned the hard way recently that you never, ever use the term "bankruptcy" in any context whatsoever when in polite company. In a meeting with employees earlier this month, Nardelli was asked if the automaker was bankrupt, to which he replied, "Technically, no. ...

Nardelli says Chrysler in a financial jam 1 year ago on Autoblog

Chrysler Chief Executive Robert Nardelli tells a grim tale for the automaker's 2007 financial report. He has informed employees that the company is barreling towards a substantial loss this year. Bankruptcy would be imminent without $10 billion recently received from investors during the Cerberus ...

SRT safe from the firing squad 2 years ago on Autoblog

It's no secret that Chrysler's going through a rough patch right now as it sets its turnaround plan in motion. Just last week, the automaker announced additional job and manufacturing cutbacks and killed off four underperforming models. Of interest to enthusiasts, however, is the news that SRT, the ...

Chrysler said to be planning wake for Magnum, Pacifica, PT Cruiser 2 years ago on Autoblog

According to The Detroit News, Chrysler's product-cutting plan is all but official. The first three models on the chopping block, according to the newspaper's unnamed sources, are the Magnum, Pacifica and the PT Cruiser. The next round could include the Jeep Commander if it doesn't get its act ...

Chrysler's Nardelli vows to keep brands, maybe cut vehicles 2 years ago on Autoblog

Bob Nardelli, Chrysler LLC's new chief-exec and chairman, made it clear today in his first public speech that Chrysler, Dodge and Jeep are safe, but some of the products in the automaker's lineup may face the axe in the near future. Addressing the Automotive Press Association today, Nardelli talked ...

Chrysler lost $1,111 per vehicle in 2006 2 years ago on Autoblog

For most managers, it makes sense that if you're losing money on every product you sell, then perhaps you're in the wrong business. Try telling that to the execs working for the Detroit 3, which on average lost a substantial $1,073 on every vehicle sold in North America last year. While GM and Ford ...

Chrysler blocks the doors to prevent white collar exodus 2 years ago on Autoblog

Chrysler is apparently a little worried that there might be a mass exodus of executives during the transition from DaimlerChrysler "partnership of equals" to Cerberus stewardship. Because of that, they have taken the bold step of advising current employees against applying for jobs at Daimler AG or ...

New CEO Nardelli takes over at Chrysler as LaSorda stands by 2 years ago on Autoblog

Chrysler's new Chairman and CEO Bob Nardelli introduced himself at a press conference this morning as his new No. 2 Tom LaSorda stood by his side (more like directly behind him). LaSorda, who until this past weekend was CEO himself, is staying on the team, though his own No. 2, COO Eric Ridenour, ...

BREAKING: Former Home Depot chief Bob Nardelli to be Chrysler's new Chairman and CEO 2 years ago on Autoblog

That Wolfgang rumor? It appears that we can file it under "not accurate." The new chief executive of Chrysler LLC will not be the former wunderkind. Instead, former Home Depot CEO Robert Nardelli will assume the top spot in Auburn Hills, according to reports in both the New York Times and Wall ...






Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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