18 Jun. 2009 | Automobile, Chrysler | No Comments »
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We already knew the PT Cruiser and Viper had some places in Chrysler’s immediate post-bankruptcy future, but a new release, illustrating which assembly plants will open again by the end of June, gives us a better preview of what offerings we can expect.
-Muscle car enthusiasts can breathe Read the rest of this entry »
14 Jun. 2009 | Automobile | 1 Comment »
Joining the parade of executive defections this year that contains product chief and GM celebrity Bob Lutz and Cadillac chief Mark McNabb, GM’s Global Purchasing Group Vice President Bo Andersson claimed that he wants to leave the bankrupt automaker.
“Bo has made tremendous contributions to the development of our global purchasing and supply chain strategy as we’ve globalized our product line portfolios and manufacturing footprint,” said GM CEO Fritz Henderson.
According to a press release issued by GM, Andersson decided to leave the automaker to pursue other opportunities, and his departure is effective immediately.
Andersson joined GM in 1987 as a manager at Saab in Sweden. During his job-life with the world’s former biggest automaker, he also held the positions of GM Europe vice president of purchasing and vice president of Global Purchasing and Supply Chain. He took over as group vice president, the position he leaves behind, in 2007.
GM said that Andersson’s replacement will be announced in the near future.
13 Jun. 2009 | Automobile, Jaguar | No Comments »
Keeping in line with his philosophy of not “putting exciting projects on the backburner,” Ratan Tata, the owner of Jaguar, has thrown his support behind a two-seat roadster speculatively called the Jaguar XE that will get a Chevrolet
11 Jun. 2009 | Automobile | No Comments »
Martin Eberhard,who founds Tesla Motor, has filed a suit against new Tesla Motors CEO Elon Musk, and the company for libel, slander, and breach of contract, as well as different reasons.
Martin Eberhard, along with Mark Tarpenning, was a co-founder of Tesla Motors Read the rest of this entry »
10 Jun. 2009 | Automobile, Chrysler | 4 Comments
With the Supreme Court stepping aside, the sale of Chrysler LLC’s strongest assets to a new company named Chrysler Group LLC was completed. The other parts of the automaker will remain in bankruptcy to be sold.
Fiat obtained a 20% stake in the company which can grow to35%. The UAW Retiree Medical Benefits Trust now owns 55% of Chrysler Group. The U.S. Treasury owns an 8% stake and Read the rest of this entry »
