Chrysler's CEO wins the charm game in Detroit

The biggest winner of the North American International Auto Show this year was the guy with the worst car lineup.

Sergio Marchionne, CEO of Fiat and troubled Chrysler, scored some big points for admitting the struggle ahead for the moves he's taken already.

Plus, Marchionne is something of a character. Says the Wall Street Journal:

Mr. Marchionne, a notorious workaholic, carries five BlackBerrys and works seven days a week. He spends about one full week a month in Michigan and flies back for weekend meetings when he isn't in town. At a recent speaking engagement, Mr. Marchionne joked he wouldn't exceed 183 days a year in the U.S., the amount of time that would trigger a change in his tax status based on Internal Revenue Service rules.

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Chrysler To Unveil The 500 and Electric 500 at Detroit International Auto Show

Bloomberg is reporting information gleaned from anonymous sources that Chrysler will be unveiling an electric version of the Fiat 500 at the Detroit Auto Show next month.

,Fiat CEO Sergio Marchionne was quoted as saying his company plans to sell over 50,000 electric vehicles per year by 2014.

The 500 is already a popular subcompact car in Europe, and a gas version is expected to go on sale in the US next year.

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Auto task force to see industry close-up

WASHINGTON -- The top advisers for President Barack Obama's auto task force will have a chance today to literally kick the tires on Detroit's struggling automakers before deciding how much federal aid they're worth.

The visit, spurred by invitations from the automakers, will cap two weeks of intensive research by the presidential task force into all aspects of the U.S. auto industry as it suffers the worst slump in four decades. After today's trip, the Obama administration has only days to address warnings from General Motors Corp. and Chrysler LLC of imminent bankruptcy and collapse without at least $7 billion in aid by the end of the month -- $5 billion for Chrysler and $2 billion for GM....More

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Obama auto task force to come to Detroit next week

Article about Auto Task Force From The Detroit Free Press
WASHINGTON -- Leaders of President Barack Obama’s auto task force will travel to Detroit next week to meet with industry and labor officials worried about an imminent collapse of several companies absent federal aid.

An administration official said final details of the trip were still being worked out, but the task force visitors will include advisers Steven Rattner and Ron Bloom.


The task force has been conducting a string of meetings over the past two weeks to gather information and assess the depth of the problems facing the industry. General Motors Corp. and Chrysler LLC have said they need a total of $7 billion before the end of the month to avoid bankruptcy, and several suppliers are also on the brink.


Fiat Chief Executive Sergio Marchionne met with Rattner, Bloom and other members of the task force for two and a half hours today to discuss Fiat’s proposed alliance with Chrysler. Fiat has said it would take a 35% stake in Chrysler in return for sharing vehicle designs that could be used for several new Chrysler models.

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