• chrysler

    Daimler Wants To Wash Hands Of Chrysler, Sell Remaining 19.9% To Cerberus

    Daimler was obviously unimpressed by Chrysler's electrically motivated press reveal yesterday, as word comes today the German automaker is in talks to sell Cerberus its remaining 19.9% stake in Chrysler. If terms are agreed upon, the sale would mark the end of Daimler's involvement in the Auburn Hills automaker a mere ten years after embarking upon its much ballyhooed "merger of equals." The two companies are mum on the price Daimler hopes to get for its stake in Chrysler, but we'll bet it's worth at least $105 million less than it used to be. [Automotive News, (Sub. Req.)]

    2:20 PM on Wed Sep 24 2008
    By Andrew Stoy
    547 views, 26 comments

    Most discussed Bumblebee: That, friends, is what we call a slap in the face. more »

  • industry news

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

    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," Chrysler spokesman David Elshoff was telling reporters that rumblings about a forthcoming bankruptcy filing by the automaker were "without merit." Presumably addressing the present state of the industry, Iacocca said, "We'll live through it. Don't panic. Things are going to be OK." To fix the current management problems, Iacocca suggested outfitting Nardelli with wire wheel covers and a vinyl landau roof, then sending him back into the boardroom and hoping everyone would think he was a totally new CEO. More »

    10:30 AM on Fri Jun 27 2008
    By Andrew Stoy
    2,233 views, 37 comments

    Latest by Hello_Newman: Their expenses like medical costs for retirees is haunting them big time. Some have said they won't close their doors, more »

  • commenter of the day

    Commenter Of The Day: Burns And Allen Edition

    There are those marriages where it's hard to wonder how one partner operates without the other because both partners make the other one better. Perhaps one of the greatest comedic married couples in the last century was George Burns & Gracie Allen. One would setup the joke and the other would knock it out of the park, with George usually doing the setting and Gracie doing the knocking. Burns had a long career afterwards, but as he said himself "First you have to have a talent. You have to develop this talent. Then you have to marry her like I did!" Well, not all marriages are that successful. More »

    6:30 PM on Tue Apr 1 2008
    By Matt Hardigree
    928 views, 31 comments

    Latest by acarr260: Congrats! This was my pick of the day as well. This has restored some of my faith in COTD. more »

  • news

    Chrysler PR Main Man Jason Vines Corrects Self, New CEO Bob Nardelli's Resume


    Earlier this morning we caught Chrysler PR VP Jason Vines on WDIV, Detroit's NBC affiliate — again. This time, in addition to pushing this afternoon's employee celebration and the re-unveiling of the pentastar logo, he corrected his late night gaff on new Chrysler CEO, Bob Nardelli's, resume. This time, Vines is his usual congenial and General-ly Electric self — much like these shots taken this weekend of workers pulling down the old DaimlerChrysler signs outside of the Auburn Hills HQ and putting up signs for the new company. But hey, I feel like they don't realize Chrysler's now spelled either C-E-R-B-E-R-U-S or C-H-R-Y-S-L-E-R-B-E-R-U-S. Oh well, we guess the spelling they've got up will do. And hey, we even hear they should have themselves some decent weather out there today — thanks Guy!

    9:45 AM on Mon Aug 6 2007
    By Ray Wert
    1,241 views, 11 comments

    Latest by GreenN_Gold: @frank_rizzo: Oops, guess I should have hit play. In that case, that talking head reminds me of George W. more »