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Bob Nardelli, Chrysler’s Chairman and CEO, stated this morning that the company has "been approached by third parties who are interested in exploring future possibilities for Viper," according to Automotive News. Apparently, rather than just dropping Viper, Chrysler is now “exploring strategic options” for the Viper brand, meaning they’re trying to figure out how much money they can get for it. It's still unclear what any potential buyer would get: as we exclusively revealed in February, the company has halted Viper development. More »
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Now that the parties and fun of the Detroit Auto Show are over, GM has decided to get back to business. If you haven't heard by now, GM is planning on offering buyouts to an additional 46,000 hourly workers under the terms of the newly negotiated UAW contract. When successfully implemented, this move to push out high wage members in favor of a lower wage, younger workforce will save a planned $5 billion annually by 2010. Apparently that means they've completed their turn around plan as well, so we're assuming the sales figures to be released Wednesday confirming Toyota has taken GM's global sales leader status away won't be that big a deal. [via Financial Times] More »
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