Fiat Takes Control of Chrysler Amid Rebuild Challenge
Fiat Group SpA gains ownership as Chrysler Group LLC begins post bankruptcy reorganization. Analyst says the fleet remains heavy on trucks and SUVs with few new models due for 18 months. Small car offerings lag rivals as Fiat faces market skepticism and completion challenges.
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Tony
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Toyota Motor Corp
Obama calls for shareholder say on executive pay
The administration backs nonbinding shareholder voice on pay and independent compensation panels, tougher oversight for firms receiving TARP funds, and a special master to approve and curb excessive pay. It aims for transparency and accountability in executive compensation.
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Reliable Springs and Wire Co. to downsize building
The Elyria based Reliable Springs and Wire Co. plans to move to a smaller facility though the business remains open. President Richard McBride says the auto parts maker is shifting to smaller parts for various industries as demand slows. He estimates needing about one third of current space and prefers staying in Elyria if possible.
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Elyria
Reliable Springs and Wire Co
Abbe Road
Richard McBride
McBride
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Ured
New Lorain County business seeks reader submissions
Readers are invited to submit details on new businesses in Lorain County. Include business name location opening date purpose contact person and optional photo for a Chronicle feature.
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Lorain County
Ctnews
Chroniclet. Com
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