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August 9, 2007
That Cerberus Capital Management is keeping Tom LaSorda in a leadership role at Chrysler is an indication of how important he is to the ongoing labor negotiations with the UAW, according to industry watchers cited by the Detroit Free Press.
Robert Nardelli being officially named Monday the No. 1 executive at Chrysler and LaSorda being demoted to the No. 2 position by the Auburn Hills automaker's new owner comes at a particularly awkward time for the company, which already is engaged in contract talks with the union to craft a new agreement. The agreement is to replace the current one, which expires in September.
Posted by Peter C. T. Elsworth
at 9:20 AM to Chrysler
, Unions
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