Word: chryslers
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...confront its bankers, O&Y named a new president to replace Paul Reichmann: Thomas Johnson, 51, the former president of Manufacturers Hanover Trust. As financial advisers, the Reichmanns signed up some well- respected Wall Street names: investment banker James Wolfensohn and Robert S. ("Steve") Miller, who helped engineer the Chrysler bailout 12 years ago. Still, O&Y spokesman Peter Rosenthal stressed that "Paul and Albert remain the primary stockholders and the top executive leadership of the company...
...Chrysler Picks an Heir Apparent...
...thinking about how to approach him. If he sees someone as an enemy, he watches him. That impassive face covers a hyperactive mind with just one focus, and that's Lee." Iacocca might do well to heed the advice of his latest -- and perhaps last -- commercial for Chrysler: "In this business," he says, "you either lead, follow...
Next month, Chrysler takes a step back in time with the 400-h.p. Dodge Viper RT/10, a performance machine that has sports-car fans salivating even before the limited-edition coupe hits the streets (only 300 will be produced this year). The Viper grew from a 1989 challenge issued by Chrysler president Bob Lutz to design chief Tom Gale and engineering director Francois Castaing: develop a classic sports car that could match the machines of old. Legendary Cobra designer Carroll Shelby, now a Chrysler consultant, was brought in to be "the conscience" of the Viper. "We set out to make...
Whether it will be as successful remains to be seen. But the profile and power of the Viper are outright provocative. Made only in bright red with curves and scoops that echo past roadsters, the Viper reeks of speed. Underneath the hood is Chrysler's most powerful engine, an eight-liter V-10 that can explode from 0 to 60 m.p.h. in 4.5 sec. While some environmentalists argue that the car is an energy hog, its overall performance has impressed auto enthusiasts. "The Viper makes your lips curl, and your eyes bulge with the terror of taking such a beast...