The General Motors appendage known as Saturn is scheduled to be scalpeled off sooner rather than later. What happens to the mass once it has been removed from its host is still uncertain, though there are apparently groups interested in the shiny metal entrails. GM has reportedly whittled the roster of buyers it might let Saturn go to down to two or three, says a source at The Detroit News. One of the few that hasn't been culled is Telesto Ventures, which has put its auto team together.
- John Neff
- Jul 26, 2007
According to a German magazine referenced by Automotive News, Wolfgang Bernhard is expected to be announced as the Chrysler Group's chairman-in-waiting, pending DaimlerChrysler's sale of the automaker to Cerberus Capital Management. Currently Bernhard is an acting advisor, a consultant if you will, for Cerberus, and spends his days at Chrysler's Auburn Hills headquarters, presumably gathering info for Cerberus on what aspects of the business need the German exec's magic touch the most. When the
- Chris Tutor
- Jun 18, 2007
Looks like Cerberus is getting the Chrysler band back together. Automotive News reports (sub. required) that the latest former Chrysler exec to come back is Tom Gale. You probably remember Gale as the force behind Chrysler's design revival in the 90s. Motor Trend recently called Gale "The man who helped Motown find its Mojo," which is hard to argue with when Gale is credited with bringing to life the Viper, Prowler, PT Cruiser and 300M.
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