detroit auto show
Posts Tagged “
Dieter Zetsche
”
detroit auto show
industry news
The Zetsche Does Not Need Your Puny American Auto Company
Daimler
news
Chrysler Sale Cost DaimlerChrysler $673 Million?
I know DaimlerChrysler's claimed they sold the 'merican half of the business for $7.4 billion, but according to the Wall Street Journal as well as Brian O'Connor at the Detroit News, the sale price was significantly lower than that according to Cerberus CEO Lenny Tessler. He claims:"In essence, they paid us to take the company...I'm not talking out of school."But according to the Journal's stat folks, a look at the deal has Cerberus shoving most of its money right into Chrysler. Daimler's check is only $1.3 billion — plus it's going to loan Chrysler money and eat up some of the current losses. The bottom line is Daimler actually pays out $673 million in the "sale." Although Daimler
industry news
Corporate Unmerger of E-mails: Dieter Style
Hot on the heels of the announcement that the merger of equals will become a partial-ownership-but-mostly-sale-of-no-longer-equals comes an e-mail from Grand Master Mustache Dieter Zetsche to his beloved employees. Something about "toughest thing I've done in my professional career" and "Chrysler will be more agile and flexible"... and then my eyes glazed over. No word on how Cerberus will make Chrysler more flexible, but like I said, I didn't read it too close. It could have said everybody gets a free puppy and ice cream and I would have missed it. Full mailer after the jump... More »
new york auto show
New York Auto Show: Dude, The Chrysler Group Is Totally Going To Sue VW In Germany!
We spotted this interactive unit in the Volkswagen display. What is this — Ask Dr. K? Ask Dr. VW? Talk about rubbing it in the Chrysler Group's face. We love it when automakers kick each other when they're down. More »
news
Even More Chrysler Group Sales Speculation: Jedi Council Edition
YODA : Your thoughts dwell on your potential to be a takeover target.More »
DIETER : I'd miss my job.
YODA : Afraid to lose it ... I think.
DIETER : (a little angry) What's that got to do with anything?
YODA: Everything. Fear is the path to the dark side ... fear leads to anger ... anger leads to hate ... hate, leads to suffering.
DIETER: (angrily) I am not afraid!
YODA: A automaker CEO must have the deepest commitment, the most serious mind. I sense much fear in you.
DIETER: (quietly) I am not afraid.
YODA : Then continue with the sales presentations, we will.
official car pundit drinking game
The Official Car Pundit Drinking Game: Crying "Chrysler's For Sale" From The Rooftops!
Well, it looks as though our associate editor from Detroit's going to have to put his money where his always-on mouth is and explain his whole "Chrysler not really for sale but really could be"
news
All Your Automakers Are Belong To GM: General Motors Looking At Acquiring Chrysler Group?
Photo By: Bill Pugliano / Getty Images News More »
news
DaimlerChrysler Open To Any Option Involving Chrysler Group, Including Sale
Dieter's just spoken, and he's stated very"our thinking does not exclude any options and that means all options are on the table."Thanks for clearing that up Dieter, get ready for the story from the hyperactive Detroit auto media to be "DaimlerChrysler Looks To Sell Chrysler Group." Gotta sell them
news
Breaking! Chrysler Group To Cut 13,000 Workers And Return To Profitability By Investing In...Engines?
Now we understand why Dr. Z won't be talking about the Chrysler Group. The main man in the big office in Stuttgart is letting his main man in Auburn Hills, MI give the bold and bad news and put his ass on the line. Like when he's giving the news today that instead of 11,000 job cuts, the 'merican side of the German-American hybrid's trying to beat expectations on the street and cut 13,000 jobs, which amounts to approximately a 16% cut. hourly employment will be reduced by 11,000 over three years, with 9,000 in the US and 2,000 in Canada. On the salaried side, Chrysler will be reducing employment by 2,000 over the next two years, with 1,000 each in 2007 and 2008. Nothing like the tease before the real release, eh? That's the big news on the jobs numbers, but what about where they'll be coming from? Well, since... More »
news
Breaking! DaimlerChrysler Makes $7.3 Billion In 2006, Chrysler Group Posts Loss Of $1.5 Billion, Up To $1.3 Billion In 2007 On Restructuring
Photo Credit: Bill Pugliano / Getty Images News More »
news
One Down: Wolfgang Exits Stage Left At VW, Will Chrysler Group's LaSorda Be Next?
Reports are coming in Wolfgang Bernhard was just told he's no longer allowed to be representin' Deutschland and Ferdinand "Fergie" Piech has moved his buddy Winterkorn into the vacated spot. Bernhard, the main man for the VDub brand, and former DaimlerChrysler exec, is leaving Volkswagen at the end of this month, although we've yet to hear whether it was on his own terms or if the Supervisory Group's doing the canning. That distinction could be significant in coming months if Bernhard looks to join his good buddy Dr. Dieter Zetsche for another stint at the German-American hybrid. But since the rumors are he'd be taking over on the 'merican side of the cross-continental merger of equals, we of course have to wonder what's up with current Chrysler Group CEO Tom LaSorda (pictured to the left, and with much more of a deer-in-the-headlights-stare, of Bernhard). Despite the man-love LaSorda received this week from the good Doctor at the Detroit show, he's still in the hot seat over his retention of production schedules seemingly not in touch with reality. I mean, maybe his reality — but when you're stuffing Jeeps into trains parked outside a Best Western in Allen Park — that's not so much good. The key issue here's going to be whether or not the two-year post-VDub non-compete's going to still be in play for Bernhard. What we do know is he'll be available just in time for the next DaimlerChrysler board meeting, scheduled to take place on Valentine's Day. We know we'll be keeping a close eye on this one, as well as making sure to check and see if Dr. Z. is getting any of those little candy hearts printed up saying "Will you be my new executive?" More »
detroit auto show
Bump N' Grind: Dieter And Tom Get The Man-Love On
While our main man from the West-side of the US of A brought you the product love from Mercedes, I'm here on this side of the 8 Mile line to get all obsessed with the industry insider stuff. So of course I was all over the man-love going on at the reveal for the more Bruce side of the German-American hybrid. Because given the sales banking of excess production going on over in Auburn Hills (and Detroit Metro Airport, the State Fairgrounds, lots and of course — empty trains behind the Best Western in Allen Park) any public love being shown to Chrysler Group CEO Tom LaSorda by the boss man, Dr. Z, is probably sorely appreciated. That's why the following little hug n' bump with DaimlerChrysler boss-man Dieter Zetsche must have felt so good to Windsor's favorite son. Heckuva job there, Tommy. More »Bluetec, 4Matic, Ocean Drive and Emmitt Smith: Mercedes-Benz Detroit Press Intro
See! Zetsche on Ice! Before he sauntered across the street to slake the thirst of a teeming mass of boozehound autojournos and sycophants at the Firehouse, Dr. Zed took to the ice rink after a rather inexplicable intro involving a man on a sled pulled by some ripe-smelling dogs. What followed was an orgy of winter sport including ice dancing, hockey and other whatsits while 4Matic-equipped Benzos cruised the frozen H20 on Bridgestone Blizzak tires. More »
news: industry news
is the little issue of the two-year noncompete clause in Bernhard's contract. Does this mean that one of the brightest minds in autoexecudom will be sidelined while Pi
ch continues to assert his capricious will via VW's supervisory board and Auburn Hills proves that it seemingly has no idea what it's doing without the firm hand of a German at the helm? Dr. Z, Wendelin, do something! Volkswagen's Bernhard Is Poised To Leave Over Planned Shake-Up [Wall Street Journal (sub. req.)]Related:
Wolfgang & Winterkorn Get Kicked Up a Notch at VW [Internal]
It's Expected, He's Gone: Bernhard No Longer to Represent Vee Dub
is the little issue of the two-year noncompete clause in Bernhard's contract. Does this mean that one of the brightest minds in autoexecudom will be sidelined while Pi
ch continues to assert his capricious will via VW's supervisory board and Auburn Hills proves that it seemingly has no idea what it's doing without the firm hand of a German at the helm? Dr. Z, Wendelin, do something! Volkswagen's Bernhard Is Poised To Leave Over Planned Shake-Up [Wall Street Journal (sub. req.)]Related:Wolfgang & Winterkorn Get Kicked Up a Notch at VW [Internal]
news
Not-So-Happy Valentine's Day! Is February 14th An Important Date For Chrysler Group CEO Tom LaSorda?
Chris Vander Doelen of the Windsor Star, the main newspaper of the Canuckian hamlet on the other side of the river from Detroit, claims he's got himself a source telling him when the get 'er done date for a Chrysler Group turnaround by Windsor's hometown hero, Tom LaSorda, needs to be under way. The CEO if the 'merican side of the German-American alliance, was born and raised in Windsor, and if Vander Doelen's source is correct,"he's got until Feb. 14 — that's when the board meets in Detroit..."Hmm, that'd be a helluva crappy V-day gift from the DaimlerChrylser exec board, wouldn't it? I kind of hope they'll at least bring him chocolates and flowers if he ends up getting canned — and maybe a nice card. Hey, Dr. Z — if the board decides to fire Tom, please feel free to use the card from above if you can't find anything nice at Hallmark. More »
news
Joltin' Joe Eberhardt Jumps Ship: Chrysler Marketing Man Moved To Mercedes
Joltin' Joe Eberhardt has left the building folks. Seriously — he's no longer at the Tech Center in Auburn Hills. The main marketing and sales man for the 'merican side of the German-American hybrid, according to a statement released today by the company:"will be leaving the company in order to return to automotive retailing within the Mercedes-Benz network in the United States. The Senior Vice Presidents and Vice Presidents of Sales, Marketing, International and Service will report directly to LaSorda until further notice."Although we're not saying we had anything to do with this obviously not-by-his own-choice move (because you know, who really goes "down and to the left" and leaves at the close of business of their own accord?) — because then you would be ignoring the part about how Eberhardt had a total performance-suck since taking over the job. But then again, if he hadn't blown total goat, we'd have had no reason to make fun of him — well, except for the weird accent. Full press release after the jump. More »








