Chrysler's new chief executive, Sergio Marchionne of Italy's Fiat, says he is not "promising a miracle," but his ambitious turnaround plan for the automaker is raising eyebrows.
This holiday season, the luxury car buyer is offering a simple phrase: I'm not spending too much. They're choosing smaller models, or they're buying top cars from cheaper brands.
Ed Whitacre was reluctant when he was asked by the Obama administration to take over as chairman of struggling General Motors. Now he is acting CEO and seems to be relishing the role.
The new chief financial officer at General Motors Co. will receive a salary of $750,000 next year, but he'll get another $5.45 million worth of stock if GM successfully sells shares to the public.
CNBC's Phil LeBeau looks back at the last ten years in the automotive industry. (CNBC)
