Bob Nardelli News
J.C. Penney investors cheer for Apple retail head as new CEO
Shares of J.C. Penney flew off the shelves Tuesday as investors applauded the company's coup in luring away Apple's retail head to be its new CEO. J.C. Penney ( TICKER:JCP ) stock rose $5.26, or 17.5%, to $35.37 as investors cheered Ron Johnson's odds at breathing new life into the apparel
'He was eaten alive like a cancer with his hatred'
Today's quotes: "He was eaten alive like a cancer with his hatred of Jews and Blacks." -- an ex-wife of James von Brunn, who shot three people, including a security guard who died from his wounds, at the Holocaust Museum...
Fiat arrives and Chrysler is quietly born again
This time, there were no acrobats and fireworks. This time, no ice cream on the front lawn of Chrysler headquarters in Auburn Hills, Mich. No video featuring best wishes from celebrities. This time — Chrysler's third takeover in 11 years — the mood was government green. There was no public display
You Say Hello and I Say Goodbye
ABC's Charlie Herman reports: In a farewell message to the company he led for 20 months, now former Chrysler CEO Bob Nardelli said the agreement with Fiat has resulted in an automaker that is “a leaner, healthier and more robust...
Done deal: Fiat buys Chrysler assets
Italy's Fiat is the new owner of the bulk of Chrysler's assets, closing a deal Wednesday that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat's CEO. The deal clears the way for a new, leaner Chrysler Group to emerge from bankruptcy protection minus
Chrysler Cuts Pension of Former CEO
Lee Iacocca is the man credited with saving Chrysler from bankruptcy in the 1980's. Famous for the phrase, "If you can find a better car, buy it," the former chairman and CEO is faced with the realities of the failing...
Chrysler's CEO sees sale to Fiat closing Friday
Chrysler Chief Executive Robert Nardelli said he expects the sale of the bulk of Chrysler's assets to a group headed by Italy's Fiat Group to close Friday, assuming the judge overseeing the automaker's bankruptcy protection case approves the deal. Nardelli testified in court Thursday that he
Chrysler CEO Nardelli Recounts Firm's "Death Spiral"
Chrysler Chief Executive Robert Nardelli took the stand Thursday to give testimony in connection with the auto maker's proposed sale to a group that includes Fiat. ABC’s Aaron Katersky reports from inside the Manhattan court room: In a dark suit,...
Chrysler faces more court hearings to get Fiat deal approved
Chrysler on Thursday launched into its second day of testimony in its bid to convince a bankruptcy judge that a deal with Italian automaker Fiat is the best way to save itself from liquidation. The automaker needs U.S. Judge Arthur Gonzalez to approve the sale despite protests from a group of