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Chrysler's CEO sees sale to Fiat closing Friday

Chrysler's CEO sees sale to Fiat closing Friday

Robert Nardelli, Chrysler's departing chairman and chief executive, said he expects the sale of the bulk of Chrysler's assets to a group headed by Italy's Fiat Group SpA to close Friday, assuming the judge overseeing the automaker's bankruptcy protection case approves the deal.

 

Rick Wagoner, GM CEO, Will Step Down At Obama's Behest

Rick Wagoner, GM CEO, Will Step Down At Obama's Behest

The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.

 

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