Category: Chrysler

Chrysler's Tom LaSorda gets a new boss as the New Chrysler is born.

Former Home Depot CEO becomes Chairman of The New Chrysler. Wolfgang Bernhard declines post for personal reasons (?). Eric Ridenour, Chrysler COO, leaves to explore "other opportunities". Present Chrysler CEO to become Vice Chairman and President (meaning COO?).

Detroit News anticipates dramatic changes at Chrysler as Cerberus takes over

Sale of Chrysler Group to Cerberus Capital Management Closes on August 3, 2007. DaimlerChrysler Press Release

Beginning on July 26, 2007 Chrysler began offering a lifetime powertrain warranty for the initial owners on all 2006, 2007 and 2008 model year vehicles with the exception of diesels and high performance SRT models.

Beginning on July 26, 2007 Chrysler began offering a lifetime powertrain warranty for the initial owners on all 2006, 2007 and 2008 model year vehicles with the exception of diesels and high performance SRT models.

Chrysler cancels ungainly Chrysler Imperial - drops it from future product plans due to uncertain fuel economy requirements.

New Chrysler Corporation II needs a Cerberus feature model of the Chrysler 300.

Chrysler Group CEO and President Tom LaSorda takes reporter's questions and tries to explain some implications of the Group's upcoming sale to Cerebus. Going private is a good thing, so says LaSorda.

Private equity firm Cerberus is in the process of taking Chrysler Group out of the hands of the automaker formerly known as DaimlerChrysler AG (DCX). What will soon become Daimler AG will continue to own 19.9% of the new company - Chrysler Holdings LLC - with Cerberus owning the remainder. This is the end of the Jurgen Schrempp dream for Daimler-Benz to create a global auto colossus made up of Mercedes-Benz, Freightliner, Chrysler, Mitsubishi and Hyundai.