Not-So-Big Three Bake Sale Raises Enough To Fund CEO Salaries

With all this talk of corporate jets, slumming it on road trips and idling hybrids, it’s easy to lose track of the human cost of Carpocalypse Now. Has anyone thought of the standard of living adjustment the Big 3 CEOs will have to take when their salaries are cut from tens of millions to a paltry $1-per-year? One man… » 12/05/08 12:40pm 12/05/08 12:40pm

GM CEO Rick Wagoner Rolls Up To Capitol Hill In Cruze-Covered Chevy…

We didn't have the video of Wagoner pulling up in the Chevy Volt mule dressed up in the skin of a Chevy Cruze earlier. Now we do. We also have to say, we're pretty happy with how the Cruze looks in motion. Pretty snazzy if you ask us. We'll take ours with a turbo 1.4-liter four-banger rather than the Volt innards and… » 12/04/08 10:15am 12/04/08 10:15am

Chrysler Discloses $515 Million First-Quarter Loss

Chrysler LLC revealed a $515 million first-quarter 2008 loss, despite the fact that the privately held firm isn't required to discuss earnings. So what gives? Ex-lover Daimler spilled the beans Thursday, stating that its 20% stake in Chrysler lost about $105 million in value. The Detroit News did some quick math,… » 7/25/08 9:30am 7/25/08 9:30am

Iacocca Arrives At Chrysler As Bankruptcy Rumors Swirl; Time Travel…

Former chairman Lee Iacocca gave a closed pep rally to Chrysler employees yesterday in Auburn Hills, once again sharing the stage with a K-car, a minivan...and rumors of Chrysler's imminent bankruptcy. While current CEO Bob Nardelli was praising Iacocca as "Chrysler's most dynamic leader" and "a great American,"… » 6/27/08 10:30am 6/27/08 10:30am

GE Wants To Help Chrysler Bring Plug-In Hybrids To Life

GE's looking to play with some new hybrid battery technology in the automotive space, so what better man for them to reach out to than former GE executive Bob "The Builder" Nardelli — the current CEO of Chrysler? That's exactly who the company all about the light bulbs and bringing good things to life is reaching out… » 6/13/08 8:40am 6/13/08 8:40am

Nardelli: Cerberus Not Second-Guessing Chrysler Purchase. What About…

Cerberus Capital Management is not second-guessing its 2007 purchase of Chrysler from Daimler, and the the business is "on track," Chrysler LLC CEO Robert Nardelli said Tuesday at a Wall Street Journal press conference. Nardelli has been facing speculation that Cerberus got in over its head with the Chrysler purchase,… » 6/12/08 1:20pm 6/12/08 1:20pm

2008 Dodge Challenger SRT8, Reviewed

While Dodge won't even return our phone calls (something to do with this as well as insinuating Bob "The Builder" Nardelli tried to change the name of Home Depot to Home Despot), our friends at the magazine that finds being Popular just as important as being Mechanics did get a chance to drive the Ram-headed brand's… » 4/30/08 12:01am 4/30/08 12:01am

Nardelli: Chrysler to Create "Skunk Works" for Mid-Size Vehicle…

Who knew Chrysler would drop so far in the mid-size market that new CEO Bob Nardelli would find it necessary to create a "skunk works" team comprising every piece of the vehicle development process in order to come up with the company's next-generation mid-size vehicles. Apparently the Sebring wasn't quite the bee's… » 1/23/08 6:45am 1/23/08 6:45am

Chrysler Set To Drop The Ax on Pacifica, PT Cruiser, Dodge Magnum

Chrysler is expected to kill off its Pacifica, PT Cruiser and Dodge Magnum at some kind of a board meeting today. With sales of all those models dropping by nearly 30 percent this year, there's not much left to kill, but fates will be decided at the first board meeting with former Home Depot CEO Bob Nardelli as… » 10/30/07 11:00am 10/30/07 11:00am

BREAKING! Jim Press Leaves Toyota, Takes Vice-Chairman Seat at Chrysler!

Chrysler's just announced that joining Bob Nardelli at "The New Chrysler" will be none other than Jim Press, who up until today was President and Chief Operating Officer of Toyota North America and the token 'merican on the Toyota board of directors. He'll be filling the slot of vice chairman. We're stunned like deer… » 9/06/07 9:31am 9/06/07 9:31am