Eastwood Denies Obama Affiliation
Monday, February 6th, 2012Says the Chrysler commercial was not political.
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Eastwood Denies Obama Affiliation
Says the Chrysler commercial was not political.
Original post:
Eastwood Denies Obama Affiliation
DETROIT — The United Auto Workers union shifted the focus of its contract talks to Ford Wednesday night after failing to reach a deal with Chrysler. The move could mean trouble in the talks with Chrysler, which was close enough to a deal with the union that CEO Sergio Marchionne flew from Europe to the U.S. late Tuesday in case his signature was needed. Read full article > >

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UAW shifts focus of contract talks to Ford after deal proves elusive at Chrysler
DETROIT — The United Auto Workers union extended its contracts with General Motors Co. and Chrysler Group LLC early Thursday after failing to meet a deadline to reach a new agreement. GM broke off talks after midnight and said they would resume at 8 a.m. EDT Thursday. Chrysler didn’t say when its talks would resume. Read full article > >

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UAW extends Chrysler, GM contracts after missing deadline for new agreements
The U.S. Treasury announced Thursday night that it has reached an agreement to fully withdraw from its ownership stake and other investments in Chrysler and that it will recapture most of the $12.5 billion it has put into the automaker’s rescue. The United States will sell its 6 percent equity stake in the company to the Italian automaker Fiat, which already has a stake in the company and whose chief, Sergio Marchionne, now runs Chrysler. The transaction is expected to allow Fiat to take a majority stake in the fabled U.S. brand. Read full article > >

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U.S. agrees to sever ownership stake in Chrysler
The Treasury Department has reached an agreement to sell its remaining 6 percent interest in Chrysler to Italian automaker Fiat. The cost of the deal is $560 million, with Fiat paying $500 million for Treasury’s 98,461 shares of Chrysler. Treasury…
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U.S. Unloads Chrysler Stake
Lee Iacocca would be proud: Chrysler has repaid loans totalling $7.6 billion to the American and Canadian governments, $5.9 billion of which is headed for the U.S.
Fiat boss Sergio Marchionne backtracks after calling the US rescue of Chrysler “shyster loans” and mooting a US relocation.

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Fiat chief defuses double gaffe
While waiting for the new shift of Guest Bloggers to arrive tomorrow… I did dearly love that Eminem commercial for Chrysler, right down to the inspired sign-off line, and wanted to see it again. In case you had the same thought, or didn’t see it in the first place, here you go: This is the kind of tough-love nationalism we can use more of. (Yes, yes, I know that Chrysler is owned by Fiat — but the factories and much of the supply chain are in the U.S.) And yes, I know the ad’s message is not really “nationalism” — it’s “city-ism,” but with spillover spirit for the country as a whole. And the imagery, music, and narration especially in the 30-second stretch starting around time 0:35…. very impressive. And, the part after that too! Congrats to whoever conceived this and pulled it off. That’s it. Back to “writing,” and over to the Guests.

DETROIT – A new portfolio of Chrysler cars and trucks was rolled out here Monday with music by Eminem reverberating and images of ebullient executives broadcast onto mega-screens flanking the stage, a remarkable display for a company that just a year ago had been nearly left for dead.

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Staggering a year ago, Chrysler tests a new swagger
Fiat could take a majority stake in US carmaker Chrysler this year according to the Italian firm’s chief, Sergio Marchionne.

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Fiat eyes larger Chrysler stake
The deal will help the private equity firm Cerberus see some return on its troubled takeover of Chrysler.
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DealBook: TD Agrees to Buy Chrysler Financial for $6.3 Billion
General Motors and Chrysler announce plans to each hire 1,000 staff, but Fed chairman Ben Bernanke warns about high US unemployment rate.

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GM and Chrysler start recruiting
The decision to bail out carmaker Chrysler was made by the narrowest of margins, President Obama’s former “car czar” reveals.

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Chrysler saved by ‘narrow margin’
General Motors and Chrysler are beginning to make some headway after getting a financial and operational overhaul compliments of the U.S. bankruptcy court. But Ford, operating free of interference by the court or the federal government is moving even faster and is beginning to put real distance between itself and its two domestic rivals.
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Ford pulls ahead of rivals