(Source: Financial Post)
A Message from Tom LaSorda and Bob Nardelli
Today, we are at a crossroads in the history of Chrysler. Let’s take a look at what’s happened in the past few weeks.
On February 17 and February 20, Chrysler submitted its Viability Plan to the U.S. Treasury and U. S. Administration; and to the Canadian governments, respectively.
On March 30, U.S. President Barack Obama stated that Chrysler’s Viability Plan was unacceptable. “It’s with deep reluctance but also a clear-eyed recognition of the facts that we’ve determined, after careful review, that Chrysler needs a partner to remain viable.”