Quantcast
Last updated on April 18, 2014 at 15:44 EDT

Latest Thomas W. LaSorda Stories

2009-04-17 15:26:37

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. The CAW this week resisted calls from the federal government and the potential partner, Italian automaker Fiat, to reduce all-in...

2009-04-16 06:30:46

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...

2009-04-15 14:53:46

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. There is no doubt in my mind, he said, the Toronto Globe and Mail reported Wednesday. We cannot commit to this organization unless we see light at the end of the tunnel, Marchionne said. The U.S. government said it would cut off Chrysler's line of credit at the end of April if it did not reach a deal...

2009-03-30 13:33:04

Canadian officials Monday said they would provide $4 billion in short-term loans to General Motors of Canada Ltd. and Chrysler LLC. The action comes on the heels of an announcement by Chrysler that it had reached an agreement to ally itself with Fiat SpA and the forced resignation of GM Chairman and Chief Executive Officer Rick Wagoner. The Canadian federal government and the government of Ontario said the financing agreement requires General Motors to win further pension and benefits...

2009-03-14 09:35:29

Ford Motor Co., joining fellow U.S. automaker Chrysler LLC, says General Motors Corp.'s agreement with its Canadian workers doesn't sufficiently cut costs. Ford group vice president for global manufacturing and labor affairs Joe Hinrichs said Friday that GM's deal with the Canadian Auto Workers union didn't go far enough to reduce labor expenses for the struggling industry, The Detroit Free Press reported. We believe the recently negotiated agreement between General Motors Canada and the...

2009-03-12 06:52:38

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. That dispute centers on Canada Revenue...

2008-12-03 13:05:00

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. auto industry, highlighting its impact on towns across the country. Joined by Toledo Mayor Carty Finkbeiner, President of UAW Local 12 Bruce Baumhauer, plant employees, representatives from CSX Transportation and Fleet Car Carriers, as well as members of the community that benefit from...

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...

2008-08-14 09:00:54

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. The company said that the Jefferson North assembly plant will undergo a 285,000-square-foot building expansion to replace the existing body shop, which will give the facility a new level of manufacturing flexibility for multiple product capability....

2008-07-01 15:00:49

Chrysler LLC announced it would close a minivan plant in Missouri as it steers itself toward production of more fuel-efficient vehicles. Chrysler will close its St. Louis minivan plant and has no intent of reopening it, Vice Chairman and President Tom LaSorda said in a conference call Monday. The automaker also plans to stretch the traditional two-week summer shut down at eight plants, slowing down production of the Dodge Ram and Dakota pickup trucks, The Detroit News reported. But,...