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After months of speculation, the Chrysler sale happened without too much fanfare on Monday morning, as Cerberus came out as the top bidder, and several potential investors came away empty-handed. One of the few groups vying for control of Chrysler was its own employees, and Automotive News is ...
Just last December, Ford accelerated its effort to reduce the company's white-collar workforce by 10,000 souls. Buyouts were offered with the hope that salaried employees would follow of the lead of hourly workers, who had already been offered packages. Unfortunately, in some areas of the company, ...
In an effort to assuage the fear of his employees over the current direction of Ford Motor Company, Bill Ford sent out a company-wide memo on Friday that details a three-point strategy for ushering the Blue Oval out of hard times. The Detroit News describes the strategy in a nutshell as 1) fixing ...