Chrysler’s chief negotiator in talks to join Cerberus

Article by Christian A., on August 29, 2010

John Bozzella, Chrysler Group's chief negotiator in settlement talks with dealers, will soon be working for the automaker's former owner Cerberus Capital Management LP.

In an interview with The Detroit News, Bozzella, whose resignation is effective Dec. 31, has confirmed the move to the private equity firm. Chrysler spokeswoman Shawn Morgan said that the replacement will be announced within the next few weeks.

Morgan says though that Chrysler didn't ask for Bozzella's resignation. Tamara Darvish, a leader of the Committee to Restore Dealer Rights, a rejected-dealer group, says that as the case is moving to arbitration, Bozzella's resignation is "very unfortunate" since he was involved with all aspects of the negotiations and had firsthand knowledge of the commitments that Chrysler made to dealers.

Bozzella's resignation was revealed on Chrysler's Web site Monday, which is the day after the Senate passed legislation giving rejected Chrysler and General Motors Co. dealerships access to neutral arbitration to pursue reinstatement.

Last Wednesday, President Barack Obama signed that bill, which lists criteria to be applied by arbitrators under the new law that are said to be more favorable to dealerships than those envisioned by the automakers in plans announced earlier in December.

The legislation had been drafted after Chrysler and GM broke off settlement talks with dealer groups this month. Lawmakers intend for these discussions as an alternative to earlier legislation that would have reversed 2,150 Chrysler and GM dealership terminations, 789 of them at Chrysler.

If you liked the article, share on:

Comments

Recommended

An RHD (right hand drive) BMW M4 DTM Champion Edition has been listed to be for sale by Romans International, UK’s leading supercar dealership. The first owner of this rare...
by - May 24, 2017
Audi will be offering something exciting for its United Kingdom market. The company announced that it will be adding new features as standard to the A4 range. It also confirmed...
by - May 24, 2017
You guys are probably aware of the collaboration between Mercedes-Benz and Renault-Nissan. Knowing this, you would expect that both companies will come up with something impressive. Sources say that the...
by - May 24, 2017
Amongst all sports cars on the planet, which one is the world’s best-selling model? Would you have guessed that it is the Ford Mustang? According to IHS Markit’s global automotive...
by - May 24, 2017
It’s not a bird. It’s not a plane. It’s Kris Singh’s blue carbon flying machine! Time stood still for a few minutes after the extremely rare Pagani Huayra BC Macchina...
by - May 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries