Posts Tagged ‘cerberus’



C. Robert Kidder will become chairman of the new automaker resulting from the alliance of Chrysler LLC and Fiat SpA, replacing Robert Nardelli, who has said he will step down once the company emerges from bankruptcy.
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While co-president Tom LaSorda denied Wednesday morning that Chrysler would ever consider selling Jeep or its two other brands to another company, he had no answer on the potential sale of Chrysler LLC as a whole. “That’s all done at the Cerberus level,” he told reporters on a conference call.
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Auto woes rock black work force

No community is getting hit harder than African-Americans by the loss of union auto jobs.

The dwindling number of high-paying factory jobs is chipping away at the middle-class lifestyle that auto factory work has provided for generations of black families, many of whom left their native South years ago to pursue opportunity up north.

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