June 8, 2009
A senior Obama administration official says Fiat
SpA will shake up management and change the culture of Chrysler if
the courts allow the sale of its assets to the Italian automaker.
The official says management changes will go deeper than the
departure of CEO Bob Nardelli and Vice Chairman Tom LaSorda. The
official spoke on condition of anonymity because the changes have
not been made public.
The Supreme Court delayed the sale Monday. It has been approved
by lower courts, but three Indiana pension and construction funds
Lawyers representing consumer groups and individuals with
product-related lawsuits are also fighting the sale. They say it
would release the automaker from product liability claims related
to vehicles it sold before the new company led by Fiat takes over.