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

Report: Chrysler Deputy CEO Jim Press to Leave By Year’s End
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Chrysler’s deputy CEO Jim Press is planning to quit his post before the year’s end, reports the Wall Street Journal. Press took the helm of Chrysler in 2007 when Cerberus Capital Management took a controlling share in the company. He moved to the position after a lengthy 37-year career at Toyota Motor Corp. When Chrysler… Continue Reading...

Financial Crisis Not All Bad: Chrysler to Can PT Cruiser

Financial Crisis Not All Bad: Chrysler to Can PT Cruiser
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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… Continue Reading...