Chrysler boss Bob Nardelli (shown) was in front of Congress on Thursday testifying about the poor health of the company he runs. During that testimony he basically told the government that he’d be up for whatever they suggest he do with the company going forward, including a merger with General Motors if the government mandated it as part of the bailout package. Basically, Chrysler has thrown up its hands up and said, “Fine, you tell us what to do.”
Automotive News reported that GM honcho Rick Wagoner said that they would consider it, but favored that the UAW would have to be part of the negotiations. We’re sure that would be a fun room to hang out in.
Quoting from the Automotive News story, “Responding to questions from Sen. Robert Bennett, R-Utah, Nardelli said the money would be saved through job reductions, plant consolidation and the combining of vehicle development and purchasing. Nardelli said bringing together vehicle platform development would save $1 billion to $1.3 billion annually. Combining purchasing would save another $3 billion to $4 billion, he said.”
Big Bob also said that if the deal were struck the first job to go would be his. We’re saying that can’t happen fast enough.
It’s your turn to buy the first round, we bought last week.