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November 12, 2007
 

Autos Insider Newsletter

Your weekly insight into the world of autos

NEWS  THIS WEEK'S TOP STORY

Chrysler's Lowball Strategy



  MORE TOP STORIES
AUTOS
Ford's Shrinking Losses Play Up Mulally's Progress
A better-than-expected third-quarter performance shows its new CEO has the carmaker on the right track

AUTOS
Can Wagoner Outlast GM's Loss?
GM seems to be so used to bad news that not even a $39 billion hit can loosen CEO Rick Wagoner's grip on the company. Here's why

INSIGHT
A Comeback for the UAW?
An aging workforce at U.S.-based Japanese plants and a resentful new generation in Detroit could bring the union roaring back to life

AUTOS • From TheCarConnection.com
Chevy's New Malibu Is That Good
Look out Camry and Accord, Chevy's redesigned 2008 Malibu is the midsize game-changer GM has been looking for

REVIEWS
Altima With Attitude
Nissan's new Altima Coupe—the first ever—is a road-carver for budget-minded buyers

NEWS & FEATURES • From Sports Car Market
Dramatic Climax
The Lola-Climax Mk I was perhaps the most sought-after of all British small-capacity sports-racing cars of the 1950s

NEWS & FEATURES • From Gizmag.com
Maybach's New Luxury Laundelet
Daimler's high-end Maybach unveils an all-white 62 S with a full retractable roof

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  Inside: This Week in Autos
When Bob Nardelli was appointed CEO of the newly-privatized Chrysler, it was a clear sign that it would not be business as usual at the struggling auto maker. Known for his drive and penchant for cost-cutting, many industry insiders were convinced that his presence meant that Chrysler's new owners, Cerberus Capital, were simply preparing to strip and flip it. But, as Detroit bureau chief David Welch reports this week after interviewing several senior Cerberus executives, the private equity firm's commitment to Chrysler might not be so mercenary. Welch points out that Cerberus is making Nardelli try to turn Chrysler around on the cheap by forming deeper relationships with Chinese auto makers. Moreover, Nardelli is also looking to overhaul the model lineup. According to Welch, Cerberus' reclusive CEO Stephen Feinberg was heard to dismiss flipping Chrysler by saying: "This is not a game of Monopoly. We're talking about an American icon." Good luck, gentlemen. Elsewhere this week, we gasped at the enormity of GM's nearly $40 billion write-down and wondered how much longer CEO Rick Wagoner would be able to keep his job when both Merrill Lynch?s and Citigroup's CEOs were bounced for losing less, and applauded Ford CEO's Mulally ability to deliver 3Q losses significantly below estimates. Last, we reviewed the impressive redesigns of the Chevy Malibu and Nissan Altima. Enjoy.
Charles DuBow

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  FEATURED SLIDE SHOWS > >
 


BLOG AUTO BEAT >>

openquote

Toyota's projected op earnings [is] bigger than GM's market cap. Wednesday's contrasting results announcements once again highlighted the huge earnings gulf between Toyota and GM. For the six months through September, Toyota's operating earnings rose 16.3% to $11.2 billion, while GM posted a huge $39 billion loss. closequote

— Ian Rowley
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  CLASSIC CARS > >

Dramatic Climax

The Lola-Climax Mk I was perhaps the most sought-after of all British small-capacity sports-racing cars of the 1950s

 

  HYBRIDS > >

GM's Fuel-Cell Hedge

General Motors is investing in fuel cells, but major obstacles suggest that other alternative-energy technologies have a better chance of success