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Latest Thomas W. LaSorda Stories

2011-04-21 06:10:00

AUBURN HILLS, Mich., April 21, 2011 /PRNewswire/ -- TIME named Sergio Marchionne, CEO of Chrysler Group LLC, to the 2011 TIME 100, the magazine's annual list of the 100 most influential people in the world. The full list and related tributes appear in the May 2 issue of TIME, available on newsstands on Friday, April 22, and now at time.com/tk. The list, now in its eighth year, recognizes the activism, innovation and achievement of the world's most influential individuals. As TIME...

2010-08-23 14:00:00

TOLEDO, Ohio, Aug. 23 /PRNewswire/ -- More than 800 UAW-represented employees at Chrysler Group LLC's Toledo Assembly Complex (TAC), employees of its supplier partners and elected officials welcomed U.S. Vice President Joe Biden to the home of the iconic Jeep® Wrangler today. The Vice President visited the Chrysler plant, which is building the 2011 Jeep Wrangler in an innovative manufacturing project with three supplier partners, to highlight the important role that...

2009-12-10 13:48:00

BLOOMFIELD, Mich., Dec. 10 /PRNewswire/ -- ALTe LLC, the Michigan-based engineering and technology company dedicated to advancing sustainable mobility, is featured in the latest issue of Forbes (http://tinyurl.com/yzsflb4) due to its innovative range extended electric powertrain technology. ALTe is the innovator and supplier of the Range Extended Electric Vehicle (REEV) powertrain system, used to retrofit existing vehicles to advance their fuel efficiency and lower emissions. Designed to...

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2009-06-11 13:22:42

Chief Executive Officer of Chrysler Group LLC Sergio Marchionne told 4,000 employees in Detroit Thursday the new company would see quick changes. Marchionne, also the CEO of Fiat SpA of Italy, said the company that emerged from Chrysler LLC's bankruptcy plan, would continue with four divisions, including Jeep, Dodge, Chrysler and Mopar, the company's parts division, The Detroit News reported Thursday. The head of each division would report directly to Marchionne, the newspaper said....

2009-06-10 09:30:00

- Sergio Marchionne to Serve as Chief Executive Officer - Global Brand Structure to Bring Leadership Closer to Employees and Customers - Commercial, Industrial and Corporate Staffs to Support Brand Organization AUBURN HILLS, Mich., June 10 /PRNewswire/ -- As Chrysler Group LLC prepares to begin operations, the new company formed in alliance with Fiat announced an organizational restructuring to focus on the Chrysler, Jeep(R), Dodge and Mopar(R) brands. The new leaner, flatter structure...

2009-06-01 07:41:00

AUBURN HILLS, Mich., June 1 /PRNewswire/ -- Chrysler LLC today announced that the U.S. Bankruptcy Court, Southern District of New York, has approved its request to sell substantially all of its operations to Chrysler Group LLC, the new company formed in alliance with Fiat SpA. "With this approval, the new Chrysler Group is created and can prepare to launch as a vibrant new company formed with Fiat," said Robert L. Nardelli, Chairman and Chief Executive Officer of Chrysler LLC. "Through the...

2009-05-03 17:37:28

The chief executive of Fiat SpA will outline plans this week in Berlin for joining with Chrysler LLC and General Motors Europe, analysts said. The Financial Times reported Sunday that Fiat Chief Executive Officer Sergio Marchionne is expected to announce Monday plans to create a new publicly traded European car company. He is seeking to separate Fiat Auto from its other divisions, and join them with Opel/Vauxhall, Saab, and GM's other European operations, the report said. From an engineering...

2009-05-01 16:41:00

AUBURN HILLS, Mich., May 1 /PRNewswire/ -- Tom LaSorda, Vice Chairman and President, Chrysler LLC announced to the Chrysler Board Thursday, April 30, his intention to retire from the Company with immediate effect. LaSorda -- Chrysler's top executive responsible for Manufacturing, Procurement and Supply, Employee Relations, Global Business Development and Alliances -- was appointed to his current position in August 2007, serving in both the Office of the Chairman and on the Board of...

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2009-05-01 08:30:37

U.S. investors were willing to ignore harsh economic realities this week, but found Chrysler's bankruptcy filing a tough pill to swallow. U.S. markets turned flat Thursday after Chrysler threw in the towel in New York bankruptcy court after a month of tough negotiations, with a handful of small creditors balking at an offer that would have given them about 33 cents on the dollar, The New York Times reported. Creditors are holding about $6.9 billion in secured debt. The U.S. Treasury's final...

2009-04-30 14:02:00

NEW YORK, April 30 /PRNewswire/ -- Cerberus Capital Management, L.P. ("Cerberus") issued the following statement today, attributable to Mark Neporent, Cerberus Chief Operating Officer and General Counsel. "Cerberus has worked diligently with the U.S. Department of Treasury, Mr. Bloom, Mr. Rattner and the other members of the President's Auto Task Force, Fiat, the UAW, the Lenders and all major constituencies to facilitate the restructuring of Chrysler, LLC. We appreciate the support for...


Word of the Day
bibliopole
  • A bookseller; now, especially, a dealer in rare and curious books.
This word comes from a Greek phrase meaning 'book seller.'
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