Behind The Wheel
- Obama's Emission Reduction Pledge Paints Future for Autos
- Toyota Makes Recall Fix And So Long Saab
- The L.A. Extravaganza: A Test for Auto Shows
- Volt Drive: Great Ride, Interesting Interior and a Friendly Chirp
- Volvo Talks Show New Day Dawning for China
- Starting Car2Go - Smart Move for Daimler
- GM Cuts Losses—Plans Early Loan Repayment
- Ghosn's Bet: 10% of World Will Drive EV's in 10 Years
- Ford, Hyundai, Audi Gaining Interest
- Cadillac Converj Smart Extension of Volt
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Black Friday Sales Rise by 0.5%: ShopperTrak
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
RSS FEED
It's a regular question around Detroit and in the auto industry: When will we finally hear from new Chrysler CEO Sergio Marchionne?
Since taking over the Detroit auto maker a couple weeks ago, Marchionne has said little publicly about his plans for reviving the once bankrupt auto maker. While I understand the desire people have to hear from the new man in charge, I think Marchionne's silence is the right way for him to start his tenure in Auburn Hills. This company has been through so much and has lost so much momentum, it doesn't need false promises, it needs to get back to "blocking and tackling".
Don't mistake Marchionne saying little "publicly" to mean he's being quiet inside Chrysler headquarters. Everyone I've talked with inside Chrysler, says Marchionne and his top lieutenants are moving quickly to get the auto maker product development pipeline flowing again. It was left to wither under former owner Cerberus Capital. Marchionne and his team are also re-organizing Chrysler's executive ranks. "Flattening out" the leadership structure. Stripping out the bureaucracy. Getting the cripple company back on its feet.
At some point, we will hear from Marchionne. We will hear about the steps he's taking to change Chrysler. But for now, he's focused on fixing the auto maker, and not making public promises. Chrysler employees and fans have heard enough promises. They want a fresh start, and Marchionne is moving fast to make it happen with more than just words.
_____________________________________
Click on Ticker to Track Corporate News:
- Ford Motor [F
Loading...
()
]
- General Motors [GMGMQ
Loading...
()
]
- Toyota Motor [TM
Loading...
()
]
- Nissan [NSANY
Loading...
()
]
- Honda Motor [HMC
Loading...
()
]
_____________________________________
Questions? Comments?









