Filed in archive by Gunnar Heinrich on August 22, 2007

President LaSorda and the now extinct Imperial.
[Source: Newsweek]

By Gunnar Heinrich

First officer for the U.S.S. Chrysler Tom LaSorda says that captain's orders are steady as she goes for the much discussed turn-around plan.

"The plan is robust, but we'll have to wait and see what happens in the economy," Mr. LaSorda said at a press conference at the company's Windsor, ON assembly plant.

According to the Detroit News, Chrysler lost $2 Billion during the first fiscal quarter this year and has reported that new CEO Bob Nardelli is chomping at the bit to get the company "back in the black."

The plan calls for 13,000 job cuts and closure of one assembly plant in 2008.

[Source: Detroit News]

Related Entries:

Chrysler Shakeup > Nardelli In, LaSorda Out (Sort Of) - 06 August 2007
Nardelli Will Work For $1 A Year - 06 August 2007
LaSorda Checks His Ego @ The Door Of The New Chrysler - 07 August 2007
Chrysler To Employees > Don't Jump! - 08 August 2007

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Permalink: LaSorda: Steady As She Goes

Tags: Tom LaSorda Bob Nardelli Chrysler Turn Around cars steady+goes

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Vote for LaSorda: Steady As She Goes:

Currently 7.33/10
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Rating: 7.33 out of 3 vote(s) cast.

Response from: custom tires (08/22/07 7:38am)

Nardelli killed Home Depot when he was CEO there and walked away with a fat compensation package (around $200 million). I see no reason to believe he'll be the answer at Chrysler