8 Articles
Official
Tony Posawatz replaces Tom LaSorda as Fisker CEO

Tony Posawatz is a familiar face in the green car world, having played a prominent and public role in the development of the Chevrolet Volt as the vehicle line director for GM's plug-in hybrid. Today, we learn that Posawatz – who retired from GM last month – will be spe

Official
New Fisker CEO, Tony Posawatz, was lead director of Chevy Volt

Tony Posawatz is a familiar face in the green car world, having played a prominent and public role in the development of the Chevrolet Volt as the vehicle line director for GM's plug-in hybrid. Today, we learn that Posawatz – who retired from GM last month – will be spe

Official
Fisker names former Chrysler chief Tom LaSorda its vice chairman

Starting a new automaker from scratch is no easy feat. Henrik Fisker is a visionary designer, but to get his Karma luxury hybrid on the road, he knew he'd need a good management team behind him. So he brought in BMW and Ford native Bernhard Koehler as Chief Operating Officer,

Chrysler announces new fuel-efficient offerings

For Chrysler, the future is looking green(er). Company vice chairman Tom LaSorda recently announced a bunch of new fuel-efficient offerings. In 2010, an unibody Jeep Grand Cherokee will be introduced that will be mated to a new V6 fuel efficient engine. The automaker plans to spend $1.8 billion to refit its Jefferson North (Detroit) Assembly Plant to produce this Grand Cherokee (2008 model pictured above) and other products off the same platform, which was initially co-developed with Mercedes. L

Cerberus gives reasons why Chrysler could flop

Cerberus Capital Management shot off a nine-page letter to investors outlining ways that Chrysler could sink, while also pointing out that they believe Chrysler's on the track for success. Some of the possible failure scenarios include a nasty recession, an extreme slowdown in the car market, or a further credit downturn. Credit is already looking green around the gills, and the potential for a widespread domino effect that starts with an implosion of the teetering mortgage business would be cat

Dodge Challenger production decision by fall

Chrysler CEO Tom LaSorda says the company may have a go/no-go production decision on the Dodge Challenger, a concept car hit of the Detroit auto show (above), as early as September.

Chrysler execs bear brunt of health care cost increase

As Chrysler spends nearly $2.3bil on health care costs per year, about $8K per worker, it was evident at the top level that changes to the system would have to be made. Those changes were announced yesterday and involve a sliding scale of out-of-pocket premium increases that’s based on each salaried employees pay level.