Chrysler proved once again that it will spare no expense to draw leading figures in the industry to man the helm of the it's turnaround. Today, Chrysler LLC announced that it's hired a 32-year veteran of General Motors and executive veep of GM's Chinese joint venture with SAIC Motor Corp., Phil Murtaugh, as the man to lead Chrysler's Asian operations. Murtaugh will take control on October 1 and stands to bring a wealth of knowledge from his 15-months of stewardship at one of China's leading auto
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 reporting that those UAW members feel they never got a real chance.