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One of my favorite automotive web sites is Austin Rover Online, a wonderful historical site full of more information than you could imagine on the cars made by Standard, Triumph, Austin, Rover, MG, and more. What caught my eye this time was a story about the possibility that Alfa Romeo could follow MG into Chinese [...]
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Word is that Chrysler is casting about for a suitable replacement for its mid-size Chrysler Sebring and Dodge Avenger sedans. Because Chrysler’s new owner (forgetting the UAW and federal government for a moment) Fiat failed in its bid to acquire Opel and its new mid-size platform, that option is off the table. This leaves Chrysler [...]
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By now you have heard about Brian Deese, the 31-year-old Yalie who never finished his law degree, never got his MBA, never toured an assembly plant, never worked in a job outside of politics, and yet is the “perfect” guy to restructure the auto industry. He works with Steve Rattner who started his career at [...]
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I’m waiting for Clint Eastwood to come riding in at any moment, with his hat pulled down over his eyes and emanating a quiet intensity because this is turning out to be a Sergio Leone spaghetti western. Only the bad guy in this particular telling rides out of the east (D.C.) and bullies bondholders and [...]
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What worries the financial markets the most about the Fiat-Chrysler strategic alliance isn’t the financial health of the two partners. It’s the fact that Chrysler’s last suitor, Daimler-Benz, never could come to grips with marrying the two disparate cultures. Instead, the Swabians approached the task of merging the two companies much as the Wehrmacht approached [...]
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