mong the many things announced today concerning Chrysler’s future is the news that CEO Bob Nardelli will retire as soon as the bankruptcy is over. In a statement, Nardelli said “Now is an appropriate time to let others take the lead in the transformation of Chrysler with Fiat,” continuing to say that “I will work [...]
Archive for April, 2009
Bye Bye, Bob: Nardelli To Quit As Chrysler CEO
April 30th, 2009
Tags: bob nardelli leaves position, bob nardelli quits, chrysler bankruptcy, chrysler ceo bob nardelli, chrysler declares bankruptcy
[Updated] Breaking: Chrysler to Declare Bankruptcy, Fiat Alliance
April 30th, 2009
t’s all but certain that two huge news stories will hit the airwaves soon. Multiple sources (I’ll stick with Automotive News) are reporting that Chrysler will announce today that it is filing for Chapter 11 bankruptcy protection to reorganize its debt (not the more ominous Chapter 7 liquidation). President Obama and Chrysler officials will have [...]
Published in
Chrysler
Tags: chrysler bankruptcy, chrysler bankruptcy announcement, chrysler bondholders, chrysler declares bankruptcy, chrysler fiat alliance
UAW Comes Around, Agrees To Major Concessions With Chrysler
April 29th, 2009
lack is white, up is down, dogs are cats, and the UAW has agreed to major concessions just to keep its employer alive. Sound fantastical? It sure does to me. It goes against every major union agreement since, well, any time I can remember.
According to an article in Automotive News, the even bigger story isn’t [...]
Published in
Chrysler
Tags: uaw agrees to major concessions, uaw and chrysler, uaw and concessions, uaw concessions with chrysler
Why Pontiac Was Great…and Got What It Deserved
April 29th, 2009
ontiac is dead. Well, dying anyhow; it won’t officially be dead until 2010. Regardless, GM’s performance brand will join Saturn, Hummer and Saab as a victim of GM’s cost-cutting path to profitability. For all you fans, shed a tear.
Pontiac is the only longstanding GM brand to get axed in this current move, and rightfully so [...]
Tags: 1964 Pontiac GTO, 1978 pontiac trans am, 1988 Pontiac Fiero GT, 2004 Pontiac GTO, best pontiacs, pontiac aztek, pontiac bonneville, pontiac fiero, pontiac g8 gxp, pontiac solstice, pontiac solstice coupe gxp, worst pontiacs
Oregon State Trooper Nails Six Exotics For Speeding
April 24th, 2009
ou’re driving down the highway, minding your own business, when suddenly a bright red Ferrari flies past you, easily clocking triple digits. “Dammit,” you think to yourself, “there’s never a cop around when you need one!”
There was on Tuesday on Oregon’s Highway 18 near Grand Ronde. Oregon State Police senior trooper David Peterson received a [...]
Published in
Car Blog
Tags: acura nsx, ferrari 430, ferrari 599, ferrari f40, lamborghini gallardo, oregon state police, osp tickets six exotics, Speeding Exotics
Do You Like This Car? Better Get It Now…
April 23rd, 2009
umors are swirling about the imminent demise of the long-lived GM brand Pontiac. The first whispers were back in February, but dismissed as speculation. Then, published reports last week that said the brand may be killed outright (along with GMC) instead of continued as a niche player were quickly quashed by GM’s PR machine.
Now comes [...]
Published in
Car Blog, Industry Crisis
Why This Man Is Smiling
April 23rd, 2009
f all the jobs Ford CEO Alan Mulally has right now, perhaps his most difficult is to avoid being smug. Let’s face it, the man made a lot of right moves when he took over the floundering Ford ship, and today it’s the only domestic car company that doesn’t seem to have the word “beleaguered” [...]
GM Bankruptcy May Not Be So Quick
April 23rd, 2009
hese days, conventional wisdom says that GM will probably go into bankruptcy proceedings beginning in June, and that thanks to the “two-GM” plan that has previously been laid out, that it will be relatively quick and easy.
Not so fast, according to an article in today’s New York Times. An analysis piece by Jonathan D. Glater [...]
Keep Shopping: 10 New Cars to Avoid
April 21st, 2009
Shopping for a new car is like navigating a minefield, doubly so when times are tough and money is tight. You never want to regret your decision, but with more than 450 different vehicles to choose from, how do you separate the good from the bad?
The good news is that most cars today are at [...]
Published in
Featured, Top 10 Lists
Tags: 10 worst new cars, 2009 bmw x6, 2009 chevy aveo, 2009 chevy colorado, 2009 chrysler sebring, 2009 chrysler sebring convertible, 2009 dodge avenger, 2009 dodge caliber, 2009 gmc canyon, 2009 hummer h2, 2009 jeep compass, 2009 smart fortwo, 2009 vw new beetle, avoid these new cars, worst new cars
Shanghai Auto Show: Maybach Zeppelin Debuts
April 20th, 2009
ow we know what Randy Parker, little brother of Ralphie in the classic 1983 movie “A Christmas Story,” would get if he grew up to be the head of a bailed-out Wall Street bank: The Maybach Zeppelin. The newest range-topper for Mercedes-Benz’s ultra-luxury brand boasts a host of refinements and upgrades — as if the [...]