#cerberus

Report: Chrysler Deputy CEO Jim Press to Leave By Year's End

Chrysler’s deputy CEO Jim Press is planning to quit his post before the year’s end, reports the Wall Street Journal.

Colum Wood Aug 21, 2009

Financial Crisis Not All Bad: Chrysler to Can PT Cruiser

Despite the fact that the last news article regarding the PT Cruiser on Chrysler media site is titled “PT Cruiser Continues to Shine in 2009,” Chrysler president Tom LaSorda has announced that in an effort to save money the company will cease production of the retro van, car, truck, thing. The news comes after a record low sales year for the PT, which suffered a 49 percent drop in sales in 2008.

Colum Wood Jan 15, 2009