Latest Bob Nardelli Stories

2009-04-30 15:20:00

U.S. automaker Chrysler LLC Thursday said it has filed for Chapter 11 bankruptcy in New York and reached an accord to partner with Italian automaker Fiat SpA. Chrysler officials said they sought bankruptcy protection because they couldn't get concessions from all of its lenders, the company said in a news release. As a result, under the direction of the U.S. Treasury, Chrysler LLC and 24 of its wholly owned U.S. subsidiaries today (Thursday) filed voluntary petitions under Chapter 11 of the...

2009-04-30 12:09:00

AUBURN HILLS, Mich., April 30 /PRNewswire/ -- Chrysler LLC today announced that, as a result of the comprehensive restructuring plan agreed to by many of its stakeholders, it has reached an agreement in principle to establish a global strategic alliance with Fiat SpA to form a vibrant new company. It will allow Chrysler and Fiat to fully optimize their respective manufacturing footprints and the global supplier base, while providing each with access to additional markets. Fiat powertrains...

2008-12-19 08:45:00

AUBURN HILLS, Mich., Dec. 19 /PRNewswire/ -- To Chrysler employees and other stakeholders: We have received news that U.S. Treasury Secretary Henry Paulson will provide $4 billion of initial funding to Chrysler LLC from the TARP (Troubled Assets Relief Program) as a loan to help bridge the current financial crisis. We appreciate the Administration's confidence in Chrysler. As outlined in our submission to Congress, we intend to be accountable for this loan, including meeting...

2008-12-19 08:23:00

AUBURN HILLS, Mich., Dec. 19 /PRNewswire/ -- Chrysler LLC Chairman and CEO Bob Nardelli said on behalf of the men and women of Chrysler and its extended enterprise, that he would like to thank the Administration and Treasury for their confidence in the Company. "A letter of intent was signed which outlines the specific requirements that must be achieved," said Nardelli. "These requirements will require consideration from all constituents, requiring commitment first in principal,...

2008-12-02 15:43:00

AUBURN HILLS, Mich., Dec. 2 /PRNewswire/ -- Chrysler LLC Chairman and CEO Bob Nardelli will wrap up a series of "Virtual Road Show" events with an actual road trip to Washington, D.C. Chrysler today confirmed that the Company's top executive would drive a fuel-efficient hybrid vehicle to this week's Senate and House hearings. In advance of testimony before the Senate Committee on Banking and the House Committee on Financial Services, Nardelli and other Chrysler LLC executives will...

2007-01-04 06:00:11

By Del Jones and Matt Krantz 2006 was not a good year for Bob Nardelli, who lost his job Wednesday. For one, the Western Illinois University Leathernecks football team blew a halftime lead in the final game to lose to Missouri State and finish the year with a losing record. Western Illinois is Nardelli's favorite team; it's where he was a star player 25 years ago and dreamed of going on to the NFL, but he was too small. He replaced that dream with the dream of running a giant...

Word of the Day
  • Licking.
  • Hence Running along or over a surface, as if in the act of licking; flowing over or along; lapping or bathing; softly bright; gleaming.
This word comes the Latin 'lambere,' to lick.