Latest Thomas W. LaSorda Stories
US auto giant Chrysler LLC would have its management shifted from Michigan to Italy in the event of bankruptcy, people connected to the negotiations said.
Chrysler Canada's top two executives told 8,000 employees Friday if they didn't accept benefit reductions, the company would fold. Without labor concessions Chrysler Canada's manufacturing operations will not survive long-term, the letter from Chairman Robert Nardelli and President Tom LaSorda said. Talks with the Canadian Auto Workers union are scheduled Monday.
Canada's federal industry minister says the Canadian Auto Workers union must make concessions of as much as $19 per hour to save two carmakers. In an interview with the Globe and Mail in Ottawa, Tony Clement said time was running out to save the Canadian divisions of Chrysler and General Motors from bankruptcy. We're coming down to the point where we need everybody to realize the dire situation facing the companies, Clement said. Clement said in a discussion with Fiat Chief Executive Sergio...
Fiat SpA Chief Executive Officer Sergio Marchionne said he would walk away from a deal with U.S. automaker Chrysler LLC if unions did not make concessions. Absolutely we are prepared to walk.
Canadian officials Monday said they would provide $4 billion in short-term loans to General Motors of Canada Ltd.
Ford Motor Co., joining fellow U.S.
The chief of Chrysler Canada told a parliamentary committee the company will kill 9,000 jobs unless it receives $2.3 billion in government loans. The threat was made Wednesday night in Ottawa by Chrysler President Thomas LaSorda, the Globe and Mail reported. Apart from the government loans, LaSorda also demanded the Canadian Auto Workers union agree to 25 percent pay cuts and Canada's tax agency lift a $500 million lien on an Ontario manufacturing plant.
TOLEDO, Ohio, Dec. 3 /PRNewswire/ -- Chrysler LLC President and Vice Chairman Tom LaSorda held a community town hall at the Toledo Supplier Park in Toledo, Ohio, today to rally support for the U.S.
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 has announced that it will invest approximately $1.8 billion in new vehicle programs, including a significant expansion and upgrade at its Jefferson North assembly plant in Detroit to ready it for future production, starting in 2010.
- Stoppage; cessation (of labor).
- A standing still or idling (of mills, factories, etc.).