Editor's Note: Dear readers, today is special (wait - what am I saying?! - every day is special here at Autoextremist!) - very special - because today we are re-running a true highlight from the AE archives. Yes, that's right, this is the famous April Fool's Rant from 2009 - the column that did indeed have many of you fooled, right until the very end. It was a crazy time in the industry (and that's really saying something!) - Chrysler would go on to file for Chapter 11 on April 30, followed by GM on June 1 of that year. Tensions were high, the mode was full-on chaos, and the mood beyond grim. Our April 1st announcement was quite the bombshell that only added to the insanity (and this is one of our Top Three of Peter's columns, all-time). We have included links throughout the Rant below, which provide some historical perspective and updates. WordGirl recommends, however, that you slip into 2009 mode and read the following in its entirety for full effect, saving the links for your second … [Read more...] about NEW AUTO CONGLOMERATE BASED IN CHINA SET TO REDEFINE THE GLOBAL AUTOMOTIVE INDUSTRY; SECRET NEGOTIATIONS RESULT IN STUNNING DEAL TO BUY BOTH GENERAL MOTORS AND CHRYSLER.
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Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Trump Rebukes General Motors and Union Over Idling of Lordstown Plant Advertisement Supported by ByNeal E. Boudette and Tiffany Hsu March 18, 2019 President Trump entered office berating Detroit automakers for closing plants and sending jobs abroad. With another election on the horizon, he has renewed the attack. Mr. Trump took to Twitter on Monday to demand that General Motors reopen a car plant in Ohio, a state that could play a pivotal role in his 2020 re-election campaign. The president also criticized the United Auto Workers union and touted investments in the United States by Toyota and other foreign car companies. G.M. said in November that it would idle its factory in Lordstown, Ohio, as part of broader cutbacks that would eliminate a total of 14,000 jobs, and it stopped production there … [Read more...] about Trump Rebukes General Motors and Union Over Idling of Lordstown Plant
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today's Paper Advertisement Supported by ByNeal E. Boudette and Elisabetta Povoledo July 25, 2018 Sergio Marchionne, the executive who pulled two ailing carmakers from the brink of collapse and led the improbable transformation of Fiat Chrysler into an automotive giant, died on Wednesday in Zurich. He was 66. John Elkann, the chairman and chief executive of Exor, the holding company controlled by the Agnelli family, which founded Fiat in 1899, announced the death in a statement. Mr. Marchionne had been incapacitated about three weeks ago by sudden complications of shoulder surgery, which he had undergone in Zurich. He was reportedly later put on life support. After Fiat Chrysler announced that he would be “unable to return to work,” the company hastily appointed a successor this past weekend. “Unfortunately, what we … [Read more...] about Sergio Marchionne, Who Revived Fiat and Chrysler, Dies at 66
Colourful executive who rescued two car companies dies age 66 Sergio Marchionne, head of Fiat since 2004 and Chrysler from 2009, has passed away at the age of 66 after complications arising from surgery.Known for his straight-talking style, workaholic lifestyle, and love of black wooly sweaters, Marchionne was not a noted "car guy", but his legacy includes turning around not one, but two automakers. He is survived by his partner Manuela Battezzato, and his sons Alessio and Tyler.Born in Italy in 1952, Sergio Marchionne moved with his family to Canada when he was 13. He has degrees in business and law, is fluent in three languages (Italian, English and French), and is a certified accountant. Indeed, he spent the early years of his working life as an accountant.FiatHe joined the board of the Fiat group as an independent director in 2003, and was appointed as the chief of Fiat Auto in 2004. His appointment raised some eyebrows given his lack of experience in the automotive sector, but … [Read more...] about Sergio Marchionne: A brief history of his time as CEO of Fiat and Chrysler
Tweet TweetCome on, you weren’t actually expecting General Motors to let Fiat and Chrysler parade around town with their new 2013 Dodge Viper without saying anything did you? The counter-attack came in the form of a total investment of $131 million being headed towards the Bowling Green Assembly plant, the place where GM actually makes the Corvette. Mark Reuss, GM North America’s president made everything official and also shared the benefits of all the money that went into the company. Retooling was important and I’m sure suppliers appreciate the extra liquidity but the most grateful people around are going to be the 250 new employees from Kentucky who get to build Corvettes from now on. As you’d imagine with this sort of low volume selling cars, the new staff additions are actually 50 percent of the total number of people that work for the American sports car maker. With all of this stuff out of the way, you’d imagine we’d also get the big scoop on … [Read more...] about General Motors enters spending frenzy on Corvette plant