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Latest Robert Nardelli Stories

2009-03-30 11:20:00

AUBURN HILLS, Mich., March 30 /PRNewswire/ -- Today marks an important milestone for Chrysler LLC. We are encouraged by the commitments of the Administration, U.S. Treasury and President's Auto Task Force to the American automobile industry and Chrysler's viability, with a Fiat alliance. We are pleased that Chrysler, Fiat and Cerberus have reached agreement on a global alliance, supported by the U.S. Treasury. Chrysler has consistently said that the alliance with Fiat enhances its business...

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2009-02-18 06:50:00

The billions of dollars in additional federal help requested by U.S. automakers is dwarfed by the cost of bankruptcy, GM and Chrysler said. General Motors Corp., in filing a financial viability plan Tuesday, increased its request for government loans from $18 billion to $30 billion, saying it would be broke by March 31 if more loans are not approved. Chrysler LLC, also predicting bankruptcy by March 31, requested $9 billion. Bankruptcy, however, would be a highly risky and costly process, GM...

2009-02-13 12:36:00

WASHINGTON, Feb. 13 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi and Financial Services Chairman Barney Frank sent the following letters today to Robert L. Nardelli, Chairman and CEO of Chrysler, and Rick Wagoner Jr., Chairman and CEO of General Motors, regarding their company restructuring plans, which are due next week. In the letter, Pelosi and Frank write: "We trust that your restructuring plan will demonstrate to the world that you are willing to make the tough decisions that...

2009-01-29 15:09:00

AUBURN HILLS, Mich., Jan. 29 /PRNewswire/ -- Chrysler LLC reported continued progress in gaining cost concessions from its key constituents as the Company pursues a global strategic alliance with Fiat S.p.A. "The Fiat alliance enhances our viability plan, and we're pleased with the progress of our discussions with Fiat. Meetings with all key constituents regarding concessions are collaborative and productive. These initiatives are totally aligned with our viability plan requirements,...

2009-01-03 06:46:07

Chrysler LLC says it has received the $4 billion that the U.S. Treasury agreed to loan the struggling U.S. automaker in December. In a statement issued Friday by Chrysler Chairman and CEO Bob Nardelli said he appreciates the Treasury Department's confidence in Chrysler, the Detroit Free Press reported. This initial loan will allow the company to continue an orderly restructuring, while pursuing our vision to build the fuel-efficient, high-quality cars and trucks people want to buy, will...

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 09:41:01

U.S. President George Bush announced $17.4 billion in loans for U.S. automakers, saying he needed to protect citizens from further economic difficulties. The aid for Detroit's Big Three was offered, in part, to shield the American people from a harsh economic blow at a vulnerable time, Bush said, the Detroit Free Press reported. The deal allows $13.4 billion to be made available almost immediately from the government's $700 bailout bill intended for financial firms. Another $4 billion would...

2008-12-19 09:41:01

U.S. President George Bush announced $17.4 billion in loans for U.S. automakers, saying he needed to protect citizens from further economic difficulties. The aid for Detroit's Big Three was offered, in part, to shield the American people from a harsh economic blow at a vulnerable time, Bush said, the Detroit Free Press reported. The deal allows $13.4 billion to be made available almost immediately from the government's $700 bailout bill intended for financial firms. Another $4 billion would...

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 17:40:00

WASHINGTON, Dec. 2 /PRNewswire/ -- -- Chairman and CEO Robert Nardelli looks forward to testifying before the committees later this week -- Chrysler will urge the immediate adoption of legislation that will allow domestic automakers to weather the current national economic crisis and continue to invest in industry-leading products, technologies and vehicles of the future -- Full plan available as a pdf file at www.media.chrysler.com -- The...


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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