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Nardelli Recants On His Comments

William Maley

By William Maley
in Chrysler

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William Maley

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Nardelli Recants On His Comments

William Maley - Editor/Reporter - CheersandGears.com

October 7, 2011

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Related: Bob Nardelli Laments The Loss Of Chrysler

Earlier this week, Former Chrysler CEO Bob Nardelli made some comments to The Detroit News about how the US Goverment handled Chrysler.

"If the government gave us the deal they gave Fiat, we'd be doing just fine — really. There was no reason for the government to give Chrysler away," Nardelli said in the interview.

Now Nardelli is backing off his comments. In email sent to The Detroit News, Nardelli didn't deny his claims but clarified them.

"I did not mean to suggest that the government did not make the right decisions about Chrysler and the auto industry. We fully understood and supported the government's decision to give Chrysler to Fiat. Needless to say, Chrysler was very appreciative of the government's understanding of the challenges it faced and its willingness to work with us to survive, an objective we both shared equally."

Nardelli also said in his email "the Chrysler team and the government, working side by side, saved Chrysler and the tens of thousands of jobs that were dependent on its survival, not to mention the hundreds of thousands of jobs that supported Chrysler, including dealers and suppliers."

However, Nardelli said that Fiat reaped significant gains in the form of massive financial savings that Chrysler obtained in bankruptcy restructuring.

Source: The Detroit News

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