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Chrysler in crisis
Fri, 02 Mar 2007By Liz Turner, in the US Motor Industry 02 March 2007 04:28 The trouble with Chrysler: the background In 1996 when Chrysler opened its $1.1bn headquarters in Auburn Hills, 30 miles north of Detroit, executives joked that if things didn’t work out, they could always sell it as a shopping mall. Following DaimlerChrysler’s annual press conference on 14 February, local realtors are, no doubt, sneaking in to take measurements. Chrysler Group announced a staggering operating loss of $1.5 billion for 2006, and in the subsequent question time, DaimlerChrysler’s CEO Dieter Zetsche said the company ‘will examine far-reaching strategic options with partners’.
Former Ford CEO Red Poling dead at 86
Tue, 15 May 2012DETROIT -- Harold "Red" Poling, the CEO who helped revive Ford Motor Co. after steering the automaker through the recession of the early 1990s, died on Saturday in Pacific Grove, Calif. He was 86.
Crunch watch August 09: the auto industry
Mon, 31 Aug 2009By Tim Pollard, Alex Michaelides, Ben Pulman and Freddie Fulton Motor Industry 31 August 2009 10:00 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour Monday 31 August 2009• Bank holiday today in UK; staff on a well earned break from Crunchwatch!Friday 28 August 2009• Toyota will stop producing vehicles at the New United Moor Manufacturing plant in California next March. Company officials and California governor Arnold Schwarzenegger announced the decision, which comes in the wake of factory partner GM’s announced that it would abandon the venture back in June (Detroit News)• Tengzhong may finalise its deal to buy Hummer from GM next week, well placed sources told AN (Automotive News, subscription required)• German economics minister Karl-Theodor zu Guttenberg says it is 'hardly realistic' for GM to keep hold of its European outfit Opel and Vauxhall (Automotive News Europe, subscription required)• Ford's US cop car favourite, the Crown Victoria, is going to cease production in 2011 (Detroit News)Thursday 27 August 2009• Nissan and Chrysler have abandoned plans to build cars for each other in the wake of Chrysler’s alliance with Fiat.